1022 ET - Even with a hotter-than-anticipated October CPI data, inflation dynamics in Canada remain contained and within the Bank of Canada's comfort zone, says Charles St-Arnaud, chief economist at Alberta Central. The BOC's preferred core CPI measures accelerate in October to an average 2.8%, but that marks the ninth straight month below 3% or the upper limit of the BOC's target range, St-Arnaud says. The economist adds the most recent BOC forecast expects inflation to average 2.1% in 4Q. Overall, the inflation dynamics "remain consistent with inflation within the target band" of 1% to 3%, says St-Arnaud, who is sticking to his call for a half-point rate cut from BOC next month. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
November 19, 2024 10:22 ET (15:22 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。