The Daily Chase: Central banks battle with inflation; HSBC exploring sale of Canadian division
BNN Bloomberg
Australia’s central bank is offering some vindication to prognosticators who’ve been calling (pleading?) for less aggressive rate hikes.
We’ll gather insight into how much the rest of the world can really glean from Australia’s monetary policy, including the RBA Governor Philip Lowe’s statement that his central bank is aiming to tame inflation “while keeping the economy on an even keel. The path to achieving this balance is a narrow one and it is clouded in uncertainty.”
If you missed it, check out Jacqueline’s interview with ex-Bank of Canada governor David Dodge, who told us yesterday he thinks central banks in North America are “feeling their way” toward a terminal rate that’s likely going to be around four per cent (plus or minus).
HSBC SHOPPING CANADIAN DIVISION
