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MNI INTERVIEW: BOC Pausing Soon To Assess Lags- Ex-Adviser

(MNI) OTTAWA
(MNI)

Inflation is showing signs of peaking in Canada, Thorsten Koeppl says on FedSpeak podcast.

The Bank of Canada will pause interest-rate hikes early next year to assess the drag from past tightening, academic and former BOC adviser Thorsten Koeppl told MNI.

“We see the first signs that some cooling is taking place," said Koeppl, an economics professor at Queen's University in Kingston, Ontario, who has also done research for the ECB, the New York Fed and the RBNZ. “If I were in the shoes of the Bank of Canada, I think I would be less aggressive.”

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The Bank of Canada will pause interest-rate hikes early next year to assess the drag from past tightening, academic and former BOC adviser Thorsten Koeppl told MNI.

“We see the first signs that some cooling is taking place," said Koeppl, an economics professor at Queen's University in Kingston, Ontario, who has also done research for the ECB, the New York Fed and the RBNZ. “If I were in the shoes of the Bank of Canada, I think I would be less aggressive.”

Keep reading...Show less