Discover and read the best of Twitter Threads about #BankofCanada
Most recents (3)
The #bankofcanada says this about the future of rate hikes, no longer a vertical line up perhaps... "As the effects of tighter monetary policy work through the economy, we will be assessing how much higher interest rates need to go to return inflation to target."
But they also suggest again the inflation fight is a long one: "The Governing Council remains resolute in its commitment to price stability and will continue to take action as required to achieve the 2% inflation target."
And this: "The Bank’s core measures of inflation continued to move up, ranging from 5% to 5.5% in July. Surveys suggest that short-term inflation expectations remain high. The longer this continues, the greater the risk that elevated inflation becomes entrenched."
🧵1. There is no #coalition as the NDP MPs are not in the Liberal cabinet., instead there is a supply and confidence agreement to provide stability and an environment to get important work done #supplyandconfidenceagreement
2. During a time when transitions from a pandemic financing to normalcy must take place Canadians will benefit from what the supply and confidence agreement provides. Federal #COVID19supports expired on May 7th. cbc.ca/news/politics/… 
3. Finance Minister Chrystia Freeland says Canada's surging job growth and record-low unemployment rate is evidence that ongoing pandemic support will not be needed. Those applying for workers' benefits have 60 days to submit their claims, while businesses have 180 days.
Lets talk about how important it is to frequently #Review #CentralBank #MonetaryPolicy #Frameworks...
I will set things off by pointing out that the various facets of #BusinessCycles (early, mid, late / boom & busts) consistently keep reminding us that what goes up, must come down. We might find ourselves in a prolonged #expansion, but eventually it decelerates into a #recession
As part of #Macroeconomic management (counter cyclical), a #CentralBank's objective (through its #MonetaryPolicy) is to maintain #PriceStability & #FinancialStability & in other cases, to promote #FullEmployment. It does this hand in hand with #FiscalPolicy...
