Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
BOC, at the same time, the rates on inflationary pressure from the tariffs’ additional changes will continue to carefully, he said.
The Canadian Bank reduced the main policy rate to 2.75 percent and increased concerns about inflationary pressure and trade uncertainty and President Donald Trump’s tariffs.
On Wednesday, the bank also said that the inflation from higher expenses should be assessed below inflation and down pressure, and down pressures “will continue to carefully with additional changes,” he said.
The position of the bank, which said that some economists could be a signal that the rates could not fall further, come after the inflation with 2 percent target or months sitting around.
“We are aimed at directing us where we draw down pressure and upper pressure. Our work is to protect the price stability,” said Governor Tiff Macklem at a press conference.
However, he refused to give any forward leadership in terms of where he could go.
Cutting, the central bank, which is recorded in a row, has a total of 225 key points in a 9-month place and reduced its main degree by being one of the most aggressive central banks secular.
“We put an end to a strong economic foot in 2024. But now we face a new crisis,” he said.
Trump’s parked tariff policies and a wide range of Canadian products excited threats for Canadian products, consumer confidence and business investment.
Trump, Wednesday and Canada, applied 25 percent of steel and aluminum products and said that Canada will apply 29.8 billion dollars ($ 20,68bn) Revenge tariffs In validity of Thursday in the United States.
The bank said that a stretching tariff war will have a difficult mixture decided to increase the growth of a large gard of GDP and high prices, growth or cut.
The Ratemise Management Council will be aimed at an estimate of the time and strength of inflation and high-rise pressure and higher expenses from the weak economy.
The trade conflict will slow GDP in the first quarter and disrupt the recovery in the business market, which has increased short-term inflation expectations of tariffs in prices.
In March, the inflation is expected to be about 2.5 percent, and 1.9 percent in January, because the short-term sales tax break ends.
Canadian dollars earned a profit after the decision and increased by 0.2 percent to $ 1.44 percent.
The foreign exchange markets are betting on the other ratio of other ratios, which is next to 45 percent of the other declaration of another in the next announcement of the bank.
“It is a bit hawk to increase inflation expectations in today’s release,” said Royce Mendes, Head of the Macro Strategy for the Desjardins Group Royce Mendes.
Delay
The United States is the largest trading partner of Canada and draws about 75 percent of all Canadian exports.
By the end of February, the separate special bank request of enterprises and households by the end of January, the work security of many households, especially in the sectors affected by the US trade, especially in the sectors.
Tariff threatened enterprises forced to reduce the sales worldview.
Some enterprises have difficulty to get a loan and imported a weaker currency, the request noted. This means that firms are recruited and their returns of investment plans.
Recently, the consumer and business intentions were primarily in the first quarter in the domestic demand, Macklem words.
“Monetary policy cannot replace the effects of the trade war. What can do and what to do is ensure that higher prices are not causing the ongoing inflation,” he said.
