Ultima Markets[Market Hotspot] Stay vigilant against inflation, Bank of Canada...

stay4At the monthly meeting, the Bank of Canada maintains interest rates at5%, in line with market expectations. The bank declined to comment or suggest when interest rate cuts may begin, only considering current inflation as a significant risk.

Although the price pressure on many goods and services has eased since the last policy meeting, the bank emphasizes that the uncertainty of the economic environment and the unexpected rise in prices of commodities such as oil have hindered the stable decline of inflation.

Bank of Canada Governor McLehm stated that recent trends indicate a cooling of core inflation, but current data has not yet supported a shift towards a more relaxed monetary stance with full confidence. Therefore, the bank expects inflation to hover around in the first half of this year3%Left and right, to2025Only in the year will it decrease to2%The goal of. At the same time, the global economy showing signs of growth is expected to drive Canada, and it is estimated that this yearGDPincrease speed1.5%, to2025Annual growth to2.2%。

Due to the strength of the US dollar surpassing the hawkish rhetoric of the Bank of Canada,4The monthly Canadian dollar depreciates against the US dollar to1.364Above, touch11The lowest point since the beginning of the month.  

(USD to CADMonthly chart)

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