With one final policy rate to come this year, economists believe that Canada’s inflation rate with begin to decline in the coming months.
The Bank of Canada has delivered six consecutive rate hikes this year, all done with the goal of bringing inflation under control. It’s expect the Bank of Canada will deliver its final policy rate on Dec. 7.
BNN Blomberg talked with a number of economists about how the inflation rate will act in 2023. Many of the economists believe the interest rate will begin to drop in the spring of 2023.
To read the BNN Bloomberg story, click HERE.