A post by @FirstSquawk on X.
BANK OF CANADA MINUTES: AHEAD OF THE OCTOBER 28 RATE ANNOUNCEMENT, GOVERNING COUNCIL MEMBERS RECOGNIZED THAT UNCERTAINTY OVER WHAT TO DO WITH RATES DID NOT MEAN INACTION
@FirstSquawk on X
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Bank of Canada minutes released ahead of the October 28 rate announcement show Governing Council members agreed that uncertainty over the appropriate rate path did not justify inaction. The deliberations indicate officials were prepared to move on rates despite unresolved questions about the economic outlook. The minutes offer insight into the central bank's internal debate before its October 28 decision. Investors will watch the October 28 announcement for the actual rate move and accompanying guidance.
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Bank of Canada, Governing Council