BoC's Kozicki: “Prepared to act forcefully” to return inflation to 2.0% target By Frank_Macro BOC Canada InterestRate
The Bank of Canada is "prepared to act forcefully" to return inflation to its 2.0% target, said Deputy Governor Sharon Kozicki on Friday, reported Reuters. "It’s important to be clear that returning inflation to the 2% target is our primary focus and unwavering commitment."
"Households on average appear to be in better financial shape now than at the start of our 2017–18 tightening cycle." "A key concern is the broadening of price pressures... around 2/3 of components in the Consumer Price Index are now exhibiting inflation above 3%." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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