Problem
Watch and review the YouTube video "Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire" Bank of Canada's release of the Monetary report. Answer the questions below.
I. Per the conference, what is the Bank of Canada's inflation target for consumer prices?
II. What did CPI Inflation decline to in December?
III. What does the Bank of Canada expect core inflation to do in the months ahead?
IV. What are higher interest rates doing to household spending?
V. What is the forecast for growth in GDP for 2023 and 2024?
VI. What does the Bank of Canada expect Inflation to be by the middle of this year? Will it be in line with the target mentioned in question I?
VII. What are the bank's expectations of the housing market in the first two quarters of this year? What are the mentioned factors on why the housing market may not decline as much?
VIII. What does the Bank of Canada expect of the labor market in the coming months?
IX. Explain, what impact if any, a tight labor market could have on Inflation.