deliberation summary Archives - Page 2 of 2 - Mortgage Rates & Mortgage Broker News in Canada

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

September 20, 2023 No Comments

When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are working to slow the economy.

Bank of Canada feared costs of postponing July rate hike

July 26, 2023 1 Comment

The Bank of Canada’s Governing Council members opted for a 10th rate hike in July over concerns that waiting until September carried its own risks.

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

June 21, 2023 No Comments

Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada’s decision to hike interest rates earlier this month.

Bank of Canada concerned inflation could remain “stuck” above 2%

April 26, 2023 1 Comment

While the Bank of Canada expects inflation to continue to ease this year, it is also concerned about the risk of inflation becoming “stuck materially” above its 2% target.

Bank of Canada rate decision January 2023

Mortgage market in Canada more sensitive to higher rates: BoC

March 22, 2023 No Comments

When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage markets are more rate sensitive compared to other countries.

deliberation summary

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

Bank of Canada feared costs of postponing July rate hike

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

Bank of Canada concerned inflation could remain “stuck” above 2%

Mortgage market in Canada more sensitive to higher rates: BoC

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