February 3, 2023
Top News

Sean Kilpatrick/The Canadian Press

While central bankers continue to talk tough about clamping down on inflation, financial markets are questioning how resolute they will be if price pressures ease and economic growth stalls in the coming quarters as expected.

After raising interest rates aggressively over the past year in an attempt to curb consumer spending and slow price increases, a number of major central banks are reaching a pivot point for monetary policy. The Bank of Canada announced a “conditional pause” to interest rate hikes last week. The Bank of England seemed to follow suit on Thursday, announcing another rate hike while suggesting that borrowing costs may be high enough to get inflation under control.

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Editorial Picks

COLE BURSTON/The Canadian Press
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Opinion

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A once in a lifetime tour narrated by some of your favourite journalists.
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