BOC: Higher rates will likely be required over time

Eren Sengezer FXStreet

Below are the key highlights, via LiveSquawk, from the Bank of Canada's monetary policy statement.

Wages have shown some improvement.

Ongoing, but diminishing slack in labour markets.

Inflation slightly higher than anticipated.

Cautious amidst “considerable uncertainty regarding global outlook.

Effect of GDP revisions on output gap unlikely to be significant.

Higher rates will likely be required over time.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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