- Cited persistent high energy prices and Middle East conflict as reason market expectations for inflation had risen
- Members saw higher risk of inflation spreading to non-energy goods and services
- Members felt risks to July forecasts had become more acute
- Felt trade uncertainty had made growth prospects more uncertain
The Bank of Canada held rates in September but the market is pricing in more than 100 bps in hikes in the coming year.
This article was written by Adam Button at investinglive.com.