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Summary of Governing Council deliberations: Fixed announcement date of January 24, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on January 16. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni ... (full story)
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— FinancialJuice (@financialjuice) February 7, 2024BOC MINUTES: THE GOVERNING COUNCIL SAW RISK OF INFLATION BEING MORE PERSISTENT THAN EXPECTED, REQUIRING RATES TO STAY RESTRICTIVE FOR LONGER.
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— FinancialJuice (@financialjuice) February 7, 2024BOC MINUTES: THE GOVERNING COUNCIL DISCUSSED RISK THAT MONETARY POLICY COULD HAVE GREATER THAN EXPECTED IMPACT ON CONSUMER SPENDING, REQUIRING LOWER RATES EARLIER AND MORE QUICKLY.
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— FinancialJuice (@financialjuice) February 7, 2024BOC MINUTES: THE BOC IS PARTICULARLY CONCERNED ABOUT PERSISTENT INFLATION AND LOWERING RATES PREMATURELY IN THE JANUARY POLICY-SETTING MEETINGS.