{"id":2420837,"date":"2023-03-04T13:54:38","date_gmt":"2023-03-04T18:54:38","guid":{"rendered":"https:\/\/xlera8.com\/bank-of-canada-expected-to-maintain-current-forward-guidance-tds\/"},"modified":"2023-03-19T16:31:35","modified_gmt":"2023-03-19T20:31:35","slug":"bank-of-canada-expected-to-maintain-current-forward-guidance-tds","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/bank-of-canada-expected-to-maintain-current-forward-guidance-tds\/","title":{"rendered":"Bank of Canada Expected to Maintain Current Forward Guidance: TDS"},"content":{"rendered":"<p>The Bank of Canada is expected to maintain its current forward guidance when it meets later this week, according to a recent report from TD Securities. The bank is expected to keep the overnight rate at 1.75%, and maintain its current policy of quantitative easing. The report also noted that the Bank of Canada is likely to maintain its current stance on inflation targeting, which is currently set at 2%. <\/p>\n<p>The Bank of Canada has been keeping the overnight rate at 1.75% since October 2018, and has been using quantitative easing to stimulate the economy. Quantitative easing is a policy where the Bank of Canada buys government bonds and other assets in order to increase the money supply and lower interest rates. This policy has been successful in helping the Canadian economy recover from the 2008 financial crisis and has helped to keep inflation in check. <\/p>\n<p>The Bank of Canada is also expected to maintain its current stance on inflation targeting. Inflation targeting is a policy where the Bank of Canada sets a target rate for inflation, and then uses monetary policy tools to try and achieve that target rate. The current target rate for inflation is 2%, which is slightly below the Bank of Canada\u2019s long-term target of 2-3%. <\/p>\n<p>The Bank of Canada is likely to maintain its current forward guidance when it meets later this week. This means that the Bank of Canada will continue to use quantitative easing and inflation targeting to try and stimulate the economy and keep inflation in check. This is good news for the Canadian economy, as it shows that the Bank of Canada is committed to keeping the economy on track. <\/p>\n<p>Overall, the Bank of Canada is expected to maintain its current forward guidance when it meets later this week. This means that the Bank of Canada will continue to use quantitative easing and inflation targeting to try and stimulate the economy and keep inflation in check. This is good news for the Canadian economy, as it shows that the Bank of Canada is committed to keeping the economy on track.<\/p>\n<p>Source: Plato Data Intelligence: <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoaistream.com\">PlatoAiStream<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada is expected to maintain its current forward guidance when it meets later this week, according to a recent report from TD Securities. The bank is expected to keep the overnight rate at 1.75%, and maintain its current policy of quantitative easing. The report also noted that the Bank of Canada is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2527027,"menu_order":0,"template":"","format":"standard","meta":[],"aiwire-tag":[2140,1484,721,11,17,18,21,852,790,954,24797,368,3383,3167,4350,1392,4351,1590,972,37,2183,980,284,3398,1196,2195,466,2204,50,1016,51,1631,4013,469,2474,4114,1795,57,170,2219,1038,5152,60,61,62,1647,1044,2675,65,818,3164,66,2960,295,7022,2364,1348,24830,1253,4367,2676,75,78,823,184,262,4463,79,5,10,7,8,5330,4975,24680,1818,2109,302,6056,1939,496,905,708,775,908,1701,7202,3080,12408,102,3901,713,6188,12930,24811,24799,2289,108,109,507,111,1377,843,5029,307,211,430,9,1303,435,1838,122,124,6],"aiwire":[29811],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2420837"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2420837\/revisions"}],"predecessor-version":[{"id":2519840,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2420837\/revisions\/2519840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527027"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2420837"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2420837"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2420837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}