‘P.R. job’ or antidote to ‘groupthink’? Bank of Canada to offer policy-meeting minutes

Published by
Reuters

By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will offer minutes from its policy-setting meeting this week for the first time in its history, a move some analysts say will help restore credibility lost last year amid soaring inflation and encourage out-of-the-box thinking. Annual inflation shot to 8.1% in June, the highest in 39 years and four times the Bank of Canada’s 2% target. In December, inflation slowed to 6.3%. The BoC began hiking rates in March when its benchmark interest rate stood at 0.25%, and most analysts expect another quarter-point rate increase to 4.5% when the six-m…

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