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Monetary Policy Report – January 2023
Inflation around the world remains high and broad-based, but in many countries it has receded from its peak, largely due to declines in energy prices. With continued easing in global supply chain disruptions, inflation in durable goods prices is also moderating. Economic activity in advanced economies has been stronger than expected, labour markets remain tight, and core inflation has yet to show sustained improvement. With inflation still too high, many central banks have continued to increase their policy rates to slow demand and bring inflation down. Russia’s invasion of Ukraine continues to disrupt commodity ... (full story)
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BOC: THE ECONOMIES OF THE UNITED STATES AND EUROPE ARE SLOWING, BUT THEY ARE PROVING MORE RESILIENT THAN PREDICTED IN THE OCTOBER MPR.
— Breaking Market News (@financialjuice) January 25, 2023
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BOC: CANADA'S GROWTH IS EXPECTED TO SLOW UNTIL THE MIDDLE OF 2023.
— Breaking Market News (@financialjuice) January 25, 2023
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BOC REITERATES THAT THE LIKELIHOOD OF A COUPLE OF QUARTERS OF SLIGHTLY NEGATIVE GROWTH IS ROUGHLY EQUAL TO THE LIKELIHOOD OF A COUPLE OF QUARTERS OF SLIGHTLY POSITIVE GROWTH.
— Breaking Market News (@financialjuice) January 25, 2023
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BOC: THERE IS MOUNTING EVIDENCE THAT TIGHT FISCAL POLICY IS SLOWING ACTIVITY, PARTICULARLY HOUSEHOLD SPENDING.
— Breaking Market News (@financialjuice) January 25, 2023