Bank of Canada Minutes Say Governing Council Was Still More Concerned About Upside Risks To Inflation Outlook, But Viewed Both The Upside And Downside Risks As Less Acute; Governing Council Was More Confident That Inflationary Pressures Would Continue To Ease Even As Growth Picked
Portfolio Pulse from Benzinga Newsdesk
The Bank of Canada's minutes revealed that the Governing Council remains more concerned about upside risks to inflation, though both upside and downside risks are seen as less acute. The Council expressed increased confidence in inflationary pressures easing while growth continues.
April 24, 2024 | 5:32 pm
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NEUTRAL IMPACT
The Bank of Canada's minutes indicating a more balanced but vigilant stance on inflation could influence investor sentiment towards Canadian markets, potentially impacting EWC.
The Bank of Canada's minutes suggest a cautious but optimistic outlook on inflation, which could lead to a stable investment climate in Canadian markets. EWC, being a representation of the Canadian market, might see a neutral impact as investors digest these insights.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75