Скачать или смотреть April 2024 inflation watch

INFLATION WATCH APRIL 2024

The latest inflation data from Statistics Canada just dropped, revealing March's inflation rate at 2.9% 📈, surpassing market expectations. Gasoline and oil prices, driven by global geopolitical issues, along with shelter costs, contributed to this uptick.

However, core measures, excluding volatile factors, decreased from February to March, indicating the Bank of Canada's high-interest-rate policy is effectively curbing inflation. 💼💰

What does this mean for interest rates?

While bond yields dipped post-data release, it's not a guaranteed slam dunk for a rate cut in June. Other factors, like Canadian economic growth and robust job numbers, could influence the Bank's decision. Stay tuned for updates as we track this development closely!

📊💼 Don't miss out – hit that like and subscribe button to stay informed. Till next time, cheers! 🎉 #BankOfCanada #InterestRates #InflationData #EconomicUpdate