A post by @FirstSquawk on X.
BANK OF CANADA MINUTES: THE GOVERNING COUNCIL AGREED THAT MONETARY POLICY CAN PREVENT ENERGY PRICES FROM LEADING TO GENERALIZED INFLATION
@FirstSquawk on X
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Bank of Canada minutes show the Governing Council agreed that monetary policy can stop energy prices from spilling into generalized inflation. The discussion signals the central bank remains focused on keeping inflation expectations anchored even as energy costs rise. Policymakers see rate settings as the main tool for containing second-round price effects. Markets will watch upcoming inflation prints and energy prices for signs of pass-through.
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Bank of Canada, Governing Council