BOC Minutes: Discussed hiking rates or leaving them unchanged

Ultimately the Bank of Canada Bank of Canada The Bank of Canada (BOC) is the central bank of Canada. It was created in 1934 and is responsible for implementing monetary policy in the country, issuing currency, and promoting a safe and stable financial system.The Bank's main role is to "promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. This includes maintaining the stability of the financial system, promoting a sound and efficient financial system, and fostering monetary conditions that will preser The Bank of Canada (BOC) is the central bank of Canada. It was created in 1934 and is responsible for implementing monetary policy in the country, issuing currency, and promoting a safe and stable financial system.The Bank's main role is to "promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. This includes maintaining the stability of the financial system, promoting a sound and efficient financial system, and fostering monetary conditions that will preser Read this Term left rates unchanged on April 12 but the minutes of the meeting showed they discussed hiking.

• BOC was of the view that inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term was declining in line with their view and that more evidence was needed to see if mon pol was sufficiently restrictive
• BOC officials agreed that market expectations for a cut later in 2023 did not seem to be the most likely scenario.
• Acknowledged that labour market was still tight
• Agreed there was a sense that economy was proving a little stronger than expected early in the year
• Agreed that it was important to continue to signal that it was prepared to hike further

Market pricing shows only a 3% chacne of a hike at the June 7 meeting and 25 bps in cuts fully priced in by year end.