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What is bank of canada inflation target for consumer price

Assignment Help Macroeconomics
Reference no: EM133376935

Video: Watch and review the Bank of Canada's release of Monetary report from last week (link below). Answer the questions below.

Questions:

  • Per the conference, what is Bank of Canada's inflation target for consumer prices?
  • What did CPI inflation decline to in December?
  • What does the Bank of Canada expect core inflation to do in the months ahead?
  • What are higher interest rates doing to household spending?
  • What is the forecast for growth in GDP for 2023 and 2024?
  • What does the Bank of Canada expect inflation to be by the middle of this year? Will it be in line with the target mentioned in question 1?
  • What are the banks expectations of the housing market in the first two quarters of this year? 5 marks. What are the mentioned factors on why the housing market may not decline as much?

 

Reference no: EM133376935

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