Weakening job market was on BoC's mind as it cut interest rates

  • 📰 CP24
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 67%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process.

That's according to the central bank's newly released summary of deliberations detailing discussions ahead of the July 24 rate decision.

The summary reiterates that the bank's decision to lower its policy rate last month was partly driven by the desire to boost economic growth. As consumer price growth continues to ease, the central bank is placing more emphasis on the risks associated with undershooting its two per cent inflation target.

The governing council discussed the various indicators that suggest there is slack in the labour market and some members noted that further weakening could delay a rebound in consumption spending, which would in turn weigh on economic growth and inflation. As high interest rates chill the economy, Canada's unemployment rate has steadily risen over the last year, reaching 6.4 per cent in June.BoC's Macklem says he wants growth to pick back up as bank cuts key rate againPlant-based beverages linked to listeria recall were produced in Pickering, Ont.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 30. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Global investment bank expects BoC to cut rates faster, more aggressively than it previously thoughtPlus, Wells Fargo sees more downside for the S&P 500
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »