Bank of Canada minutes: ...Middle East

Some Governing Council members were more concerned about downside risks to inflationConcern about downside risks was linked to potential further weakening of economy and labor marketOther members took the view that risks to inflation outlook were balancedMembers discussed whether weakness in Canadian consumption and housing could partly be due to caution on the part of householdsThe Bank of Canada cut rates by 25 bps at the meetingMacklem signalled a willingness to cut more-quickly after the decisionBOC deputy Nicolas Vincent speaks tomorrow This article was written by Adam Button at www.forexlive.com.

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Bank of Canada minutes: ...Middle East

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