Bank of Canada to release business outlook and consumer expectations surveys today

OTTAWA –

The Bank of Canada will launch its business outlook and shopper expectations surveys this morning.

The surveys will present perception on how inflation expectations amongst companies and shoppers have developed within the fourth quarter.

Amid decades-high inflation, the Bank of Canada has been involved about elevated business and shopper inflation expectations.

The central financial institution has aggressively raised rates of interest to dampen these expectations and sluggish the tempo of value progress.

Its key rate of interest was hiked to 4.25 per cent in December, whereas the annual inflation price was 6.8 per cent in November.

The outcomes of the surveys will play a key function within the Bank of Canada’s subsequent rate of interest resolution, which is about to be made on Jan. 25.

This report by The Canadian Press was first printed Jan. 16, 2023.