Title : Bank Of Canaad Ends Quantitative Easing. Is The US Fed Next?
link : Bank Of Canaad Ends Quantitative Easing. Is The US Fed Next?
Bank Of Canaad Ends Quantitative Easing. Is The US Fed Next?
Bank of Canada Governor Tiff Macklem takes part in an event at the Bank of Canada in Ottawa, Canada, October 7, 2021. REUTERS/Blair Gable
Canadian Press: Bank of Canada warns on prolonged inflation, ends bond-buying program
OTTAWA — The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.
The central bank said Wednesday it now forecasts that annual inflation rates will continue their upward swing through the rest of year, averaging 4.75 per cent, and be 3.4 per cent next year, up from its previous forecast of 2.4 per cent, before coming back to its two per cent target by 2023.
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Update #1: Bank of Canada maintains policy rate and forward guidance, ends quantitative easing (Bank Of Canada)
Update #2: Loonie Soars After Bank of Canada Ends QE Early, Accelerates Rate Hike Timing To Mid-2022 (Zero Hedge)
WNU Editor: In my opinion quantitative easing is a failed experiment. It has not produced productivity, raised inflation, and saddled the taxpayer with a huge debt. The Bank of Canada has figured this out (after the Canadian election), and I predict the US Federal Reserve will implement the same policy sooner rather than later, and yes, there will be global economic consequences.
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