Bank Of Canada Will Try To Suppress Rates, Says Housing Is Stronger Than Expected
Canada’s central bank’s rate announcement was brief, but had a lot of details for investors to unpack. Bank of Canada (BoC) announced they would be making no changes to rates at this time, as widely expected. Two details did stand out though – housing, and quantitative ease (QE). The central bank is surprised by housing strength, and separately said they would attempt to control yields with QE. While the two points were made separately, the public may perceive the latter as adding fuel to the former.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
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Link to Original Article: https://betterdwelling.com/bank-of-canada-will-try-to-suppress-rates-says-housing-is-stronger-than-expected/