The Bank of Canada will make an announcement on interest rates on Wednesday. What can we expect?
• Also read: CPI falls in Canada: good news or bad news?
The consumer price index (CPI) rose 3.8% year-on-year in September, compared to the 4% rise recorded in August.
This data will help the Bank of Canada make its highly anticipated decision by mortgage holders.
“It’s his obsession [IPC] it is certain that she practically takes this into account. The bank plays a minor role in the stability of Canada’s economy, but its primary role is to ensure that the consumer price index falls below the 3 percent mark and eventually reaches 2 percent. », emphasizes the economist Francis Gosselin in an interview on LCN.
AFP
The expert adds that the public institution will keep an eye on the figures provided by the Fed in the USA.
The president even suggested earlier this week that a rate hike was not expected.
According to Mr. Gosselin, with the known indicators, the Bank of Canada could maintain the key interest rate.
“I was very wrong last year, but I still expect the rate in the October 25 decision to remain stable,” he mentions.
*Watch the full interview in the video above*