BOC meeting minutes: Particularly concerned about persistent inflation/cutting prematurely ...Middle East

The Bank of Canada Canada meeting minutes:Bank of Canada was 'particularly concerned about persistent inflation and lowering rates 'prematurely' in Jan policy-setting meetingsGoverning council discussed risk that monetary policy could have greater than expected impact on consumer spending, requiring lower rates earlier and more quickly.Governing council saw risk of inflation being more persistent than expected, requiring rate to stay restrictive for longer.Governing council discussed risk that housing market would rebound more than expected and keep inflation above target even as other price pressures wane.Governing council saw mixed picture of underlying inflation, the need for more time fo

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