When the BoC kept rates steady, indicators (such as housing price) started inflating again. I think their concern is that the leading indicators (e.g. job growth and employment) haven’t started to fall.
Most of the media I’ve seen says it takes 12-18 months for the effects of interest rate changes to kick in. So yeah, it seems rapid fire.
When the BoC kept rates steady, indicators (such as housing price) started inflating again. I think their concern is that the leading indicators (e.g. job growth and employment) haven’t started to fall.
Most of the media I’ve seen says it takes 12-18 months for the effects of interest rate changes to kick in. So yeah, it seems rapid fire.