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Bank of Canada uses 'shock and awe' to bolster inflation-fighting credibility

CalendarJuly 14, 2022
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"Exceeding forward guidance might have been the point - by delivering more than expected, policymakers may have hoped to magnify the psychological impact on businesses and consumers," said Karl Schamotta, chief market strategist at Corpay, a business payments firm. "It's a 'shock-and-awe' strategy," he added.

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Author

Karl Schamotta

Karl Schamotta

Chief Market Strategist

Karl leads Corpay’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses harness market volatility.

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