{"id":62735,"date":"2022-03-25T23:15:05","date_gmt":"2022-03-25T19:15:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=62735"},"modified":"2022-03-25T23:15:10","modified_gmt":"2022-03-25T19:15:10","slug":"bocs-kozicki-prepared-to-act-forcefully-to-return-inflation-to-2-0-target","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bocs-kozicki-prepared-to-act-forcefully-to-return-inflation-to-2-0-target\/03\/25\/market-updates\/","title":{"rendered":"BoC&#8217;s Kozicki: \u201cPrepared to act forcefully\u201d to return inflation to 2.0% target"},"content":{"rendered":"\n<p>The Bank of Canada is &#8220;prepared to act forcefully&#8221; to return inflation to its 2.0% target, said Deputy Governor Sharon Kozicki on Friday. <br><br><strong>Key Quotes:<\/strong><br><br>&#8220;It\u2019s important to be clear that returning inflation to the 2% target is our primary focus and unwavering commitment.&#8221;<br><br>&#8220;The pace and size of rate hikes and the start of QT will be active parts of our deliberations at our next decision.&#8221;<br><br>&#8220;Inflation in Canada is too high, labor markets are tight and there is considerable momentum in demand.&#8221;<br><br>&#8220;Households on average appear to be in better financial shape now than at the start of our 2017\u201318 tightening cycle.&#8221;<br><br>&#8220;Household indebtedness is now above pre-pandemic levels and its elevated level remains an important domestic vulnerability.&#8221;<br><br>&#8220;High indebtedness could amplify the impact of rising interest rates, and it could also worsen the impact of a future shock.&#8221;<br><br>&#8220;A key concern is the broadening of price pressures&#8230; around 2\/3 of components in the Consumer Price Index are now exhibiting inflation above 3%.&#8221;<br><br>&#8220;Persistently elevated inflation increases the risk that longer-run inflation expectations could drift upward.&#8221;<br><br>&#8220;The invasion of Ukraine is adding to inflationary pressures in Canada and the world&#8230; the bank is keeping close eye on events and impacts.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada is &#8220;prepared to act forcefully&#8221; to return inflation to its 2.0% target, said Deputy Governor Sharon Kozicki on Friday. Key Quotes:&#8220;It\u2019s important to be clear that returning inflation to the 2% target is our primary focus and unwavering commitment.&#8221;&#8220;The pace and size of rate hikes and the start of QT will &hellip;<\/p>\n","protected":false},"author":13,"featured_media":42727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6991,6889,6987,8143,8643],"class_list":["post-62735","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-bank-of-canada","tag-cad","tag-inflation","tag-interest-rate-hikes","tag-qt"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62735"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62735\/revisions"}],"predecessor-version":[{"id":62739,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62735\/revisions\/62739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/42727"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}