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Banks stopped passing thru rate increases
July 15, 2022
8:54 am
AllanB
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What's going on rate increases slowed before July 13 when BoC raised

It suggest to me they are leaning on government more than market forces. Nobody would lend at these rates without an implied systemic guarantee.

Apparently everyone except Tiff knew inflation was getting hotter and now we know what many suspected BoC isn't transparent. Who is their master Ontario's real estate developers.

https://www.theglobeandmail.com/business/article-bank-of-canada-blames-oil-price-shifts-for-inflation-forecasting/

I believe government's priority is to inflate their debt away rather than restructure. They are cheering on inflation inside the governor's mansion. They'd rather screw savers than give up crown assets and power.

July 16, 2022
12:06 pm
TommyT
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Inflation has peaked for the year as of July 13th at least in America. Lower inflation will put downward pressure on interest rates for the rest of this year. There should be a second leg up in inflation at the very start of 2023. Interest rates should start to fall modestly around March 2024 the peak could come well before then.

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