BoC minutes indicate greater confidence in current monetary policy restrictiveness
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<p>Summary of BoC’s December 6 meeting showed members collectively agreed “the likelihood that monetary policy was sufficiently restrictive to achieve the inflation target had increased.” However, members also unanimously agreed that “risks to the inflation outlook remained.” Hence, BoC did not rule out the possibility of further interest rate hikes. To effectively assess underlying inflationary […]</p>
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