BoC Governing Council sees near-term inflation staying elevated

The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.

16/09/2026 17:412 min read
  • Persistent elevated energy costs and the conflict in the Middle East were cited as factors behind increased market expectations for inflation.
  • There was a perceived elevated risk that inflation would spread to non-energy goods and services.
  • The risks to the July forecasts were viewed as having become more acute by the members.
  • Trade uncertainty was seen as making the growth outlook more uncertain.

The Bank of Canada decided to keep rates unchanged in September, yet the market anticipates over 100 basis points of rate increases over the next year.

Share to

Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.

Related articles