Bank of Canada To Look Through Inflation Threat

ING Economic and Financial Analysis5.24K FollowersFollow5ShareSavePlay(4min)CommentsSummaryThe BoC left its overnight policy rate unchanged at 2.25%.While acknowledging the prospect of higher energy costs pushing up inflation, it recognises there is excess supply in the economy with unemployment rising.This will help limit the pass-through to prices more broadly at a time when trade tensions continue to pose challenges for Canadian growth. JulieAlexK/iStock via Getty Images By James Knightley, Chief International Economist, US Job worries mount as price pressures increase The Bank of Canada left its policy overnight interest rate unchanged at 2.25%, as widely predicted, citing the volatility in energy and financialThis article was written byING Economic and Financial Analysis5.24K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.