12 min
Why the latest interest rate hike could be a positive sign Perspectives
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- Business
The Bank of Canada surprised many with a smaller-than-expected rate hike of just 50 basis points. Scotiabank’s Chief Economist Jean-François Perrault is back to break down what this means and what the central bank is signaling about inflation and the economy ahead.
Key moments this episode:
00:48 — First reactions: why this move is surprising and what it could signal
2:08 — How did we end up at this high of an interest rate?
3:05 — What impact will these rising interest rates have on daily life?
5:15 — Has employment been affected by interest rate increases?
6:35 — What is a monetary policy report and what did it say?
8:33 — What is a ‘technical recession’?
10:15 — What would a ‘technical recession’ mean for Canadians?
The Bank of Canada surprised many with a smaller-than-expected rate hike of just 50 basis points. Scotiabank’s Chief Economist Jean-François Perrault is back to break down what this means and what the central bank is signaling about inflation and the economy ahead.
Key moments this episode:
00:48 — First reactions: why this move is surprising and what it could signal
2:08 — How did we end up at this high of an interest rate?
3:05 — What impact will these rising interest rates have on daily life?
5:15 — Has employment been affected by interest rate increases?
6:35 — What is a monetary policy report and what did it say?
8:33 — What is a ‘technical recession’?
10:15 — What would a ‘technical recession’ mean for Canadians?
12 min