Bank of Canada releases deliberations behind pause in interest rate hikes in September as new data shows rising inflation. Read more
, they concluded that earlier rate hikes were beginning have an effect on the economy.
“Members agreed that data since their last decision had shown more clearly that demand was slowing, and excess demand was diminishing as monetary policy gained traction,” said a summary of those deliberations released Sept. 20.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
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