Bank of Canada sees monetary policy curbing inflation from energy prices

The Bank of Canada said monetary policy is helping contain inflation pressures stemming from energy prices, judging that its stance can anchor market expectations and lower the odds of aggressive rate hikes ahead. The assessment matters for crypto and risk assets because it signals a less hawkish policy path than traders had feared, which could ease the discount-rate pressure that has weighed on token valuations. Traders will watch upcoming Canadian inflation prints and the central bank's next rate decision for confirmation that energy-driven price pressures are fading.