A post by @FirstSquawk on X.
BANK OF CANADA MINUTES: THE GOVERNING COUNCIL NOTED THAT RISING COST PRESSURES WOULD EVENTUALLY BE REFLECTED IN CORE MEASURES OF INFLATION, AND THAT EXPECTATIONS FOR INFLATION MAY HAVE BECOME MORE SENSITIVE TO RECENT PRICE CHANGES
@FirstSquawk on X
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The Bank of Canada’s governing council said in its minutes that rising cost pressures would eventually feed into core inflation measures and that inflation expectations may have become more sensitive to recent price changes. The minutes signal that policymakers see underlying price risks persisting even as headline pressures evolve. The central bank’s concern matters because a shift in expectations can make inflation stickier and complicate the path for interest rates. Investors will watch upcoming core inflation readings and inflation-expectations surveys for confirmation of whether cost pressures are broadening.
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Bank of Canada