Economist Says 1.9% Core CPI Gives Bank of Canada Room to Hold
Centurion Asset Management chief economist Carl Gomez says core inflation is 1.9%, below the Bank of Canada's 2% target, giving the central bank leeway to wait before raising rates. He believes the Bank of Canada will hold on Wednesday.
The Bank of Canada has leeway to wait before raising interest rates, says Carl Gomez, chief economist at Centurion Asset Management. Gomez tells WSJ that core inflation, which strips out food and energy, sits at a comfortable 1.9%, or just below BOC's 2% target. He believes the BOC holds on Wednesd…