What to watch for next
OTTAWA — Senior deputy governor Carolyn Rogers will deliver a speech to Calgary Economic Development on Thursday at 11:40 a.m. explaining the thinking behind today’s decision. This will be followed by a news conference at 1 pm.
The Bank of Canada’s next rate announcement is on Oct. 26. It will also publish its quarterly monetary policy report, which lays out the central bank’s latest inflation and economic growth forecasts.
Central bankers will be paying close attention to Statistics Canada data in the coming weeks, including the August Labour Force Survey (Sept. 9), August Consumer Price Index (Sept. 20) and July gross domestic product by industry (Sept. 29).
The European Central Bank is expected to announce another oversized interest rate hike on Thursday. The U.S. Federal Reserve is expected to follow suit with another large rate hike on Sept. 21.
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