Bank of Canada uses 'shock and awe' to bolster inflation-fighting credibility

CalendarJuly 14, 2022
EmailTwitterLinkedin

"Exceeding forward guidance might have been the point - by delivering more than expected, policymakers may have hoped to magnify the psychological impact on businesses and consumers," said Karl Schamotta, chief market strategist at Corpay, a business payments firm. "It's a 'shock-and-awe' strategy," he added.

Read the article here.

Author

Karl Schamotta

Karl Schamotta

Chief Market Strategist

EmailTwitterLinkedin
Gain insights into developments in global currency markets.bar graphSubscribe