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BOC Summary of Governing Council Deliberations
Governing Council began its deliberations by reviewing recent data on the global economy since the April Monetary Policy Report. Global growth improved modestly to about 3% in the first quarter of the year, broadly in line with expectations. US growth slowed, while growth in the euro area and China picked up. The US economy was weaker than expected, largely due to drag from exports and inventories. Consumption growth and business investment were both solid but had slowed. US inflation had proven sticky in recent months, but Governing Council members continued to expect that it would gradually ease. In contrast, ... (full story)
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BOC MINUTES: WHILE MEMBERS RECOGNIZED THE RISK THAT PROGRESS ON INFLATION COULD STALL, THERE WAS CONSENSUS INDICATORS SHOWED ENOUGH PROGRESS TO WARRANT A CUT.
— FinancialJuice (@financialjuice) June 19, 2024
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BoC Members Agreed Reasonable To Expect More Cuts If Progress Continues, Policy Easing Likely To Be Gradual - Minutes
— LiveSquawk (@LiveSquawk) June 19, 2024
- Agreed Policy 'Not Close' To Limit Of Divergence From Fed
- Members Considered Waiting Until July To Cut Rates
- Four Months Of Core CPI Easing Warranted June…
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- Posted: Jun 19, 2024 1:31pm
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