Businesses still planning bigger, more frequent price hikes: BoC survey – National | Globalnews.ca ...Middle East

Descrease article font size Increase article font size Businesses are still expecting to pass on bigger price hikes to consumers amid fears the Bank of Canada’s inflation fight has stalled, according to the central bank’s own surveys. Roughly half of businesses say their pricing practices are “not yet back to normal” after a year and a half of interest rate hikes designed to tamp down inflation, the Bank of Canada’s quarterly business outlook surveys released Monday show. “On balance, firms are still planning to make larger and more frequent price increases than they did before the COVID‑19 pandemic,” according to the surveys. Businesses d

Hence then, the article about businesses still planning bigger more frequent price hikes boc survey national globalnews ca was published today ( Monday 16/10/2023 - 06:52 PM ) and is available on canadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Businesses still planning bigger, more frequent price hikes: BoC survey – National | Globalnews.ca )

Also on site :

• 100K+ acres destroyed as wildfires burn across Colorado
• Love Above: Daredevil Couple Gets Engaged During Death-Defying Climb of Empire State Building Spire
• Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K