BoC: Tightening Warranted If Inflation Spreads
Bank of Canada members agree that monetary policy tightening is warranted if inflation data shows evidence of spreading inflation pressures
Ahead Of June Rate Decision, Members Agreed That MonPol Will Need To Remain Nimble - Members Agreed Economic Situation Presented A Dilemma For MonPol - If USMCA Negotiations Are Unfavourable, Its Effects On Jobs & Investment Could Be Felt More Broadly Through Canadian Economy - Members Agreed The Economy Was Weak, Operating In Excess Supply - Members Agreed There Was Slack In The Labor Market, But The Economy Was Not In Recession - Members Noted A Favourable Outcome To USMCA Negotiations Could Restore Some Certainty And Potentially Boost Investment