Advanced filters
Topic:
Job Role:
Industry:
Content Type:
Topic:
Job Role:
Industry:
Content Type:

What economists are saying about Bank of Canada's steep rate increase

CalendarJuly 13, 2022
EmailTwitterLinkedin

Fear of an unmooring in inflation expectations was evident throughout the release, with officials noting ‘surveys indicate more consumers and businesses are expecting inflation to be higher for longer, raising the risk that elevated inflation becomes entrenched in price- and wage-setting,’ implying that ‘the economic cost of restoring price stability will be higher.” said Karl Schamotta, chief market strategist at Corpay.

Read the article here.

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.

EmailTwitterLinkedin
Gain insights into developments in global currency markets.bar graphSubscribe