The Bank of Canada’s future interest rate decisions will be “more data-dependent,” says the Bank of Canada’s Deputy Governor Sharon Kozicki, following a key interest rate hike of another half percentage point on Thursday.
“We’re starting to see signs that our past tightenings have taken action and we’ve already taken a lot of actions ourselves in raising the interest rate,” said Kozicki at a press conference in Montreal on Dec. 8.
“In that world, the data dependence is signalling that we’re very interested in seeing again how the economy responds and continues to respond to the actions we have taken.”…