MNI: BELGIUM NOV BNB BUSINESS SURVEY -15
Nov-24 14:00
- MNI: BELGIUM NOV BNB BUSINESS SURVEY -15
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BOC: BOC Concerned About Increased Inflationary Risks, Sees Economy Weakening
Oct-25 14:01
- The Bank is concerned with the upside risks to inflation as oil prices rise and inflation expectations remain elevated.
- "However, Governing Council is concerned that progress towards price stability is slow and inflationary risks have increased, and is prepared to raise the policy rate further if needed. Governing Council wants to see downward momentum in core inflation."
- BoC revises 2024 inflation forecast up to +3% from +2.5%.
- Growth revised down to +0.9% in 2024 from +1.2%.
- Inflation is forecast to return to the +2% target around mid 2025.
- The Bank sees signs that supply and demand are re-balancing. The economy is predicted to move into excess supply in the fourth quarter and throughout most of 2024.
- Past interest rate hikes are working through the economy as demand has softened for housing, durable goods, and many services.
MNI: US SEP NEW HOME SALES +12.3% TO 0.759M SAAR
Oct-25 14:00
- MNI: US SEP NEW HOME SALES +12.3% TO 0.759M SAAR
- US AUG NEW HOME SALES REVISED TO 0.676M SAAR
CANADA: Questions For BoC Instant Answers
Oct-25 13:54
A reminder that we have selected the below questions for today's BoC Instant Answers:
- Overnight Rate Target (level)
- Does the Bank say it may need to raise interest rates further?
- Does the Bank say rates may now be high enough?
- Does the Bank say it expects to hold the policy rate at its current level?
- Does the Bank suggest interest rates may need to stay high or restrictive for a while?
