In recent online and print media coverage, Alberta Central Chief Economist Charles St-Arnaud was quoted speaking about the Bank of Canada’s (BoC) decision to hold rates at 5% at their last meeting.
In coverage from Yahoo Finance he was quote stating:
“It remains clear that if there were a tug-of-war between economic activity and fighting inflation, the BoC would choose the fight against inflation. With this in mind, we believe that the BoC is likely on the sideline for the rest of the year as long as inflation continues to decelerate gradually.”
He was also quoted in coverage from Inside Headline and other online news outlets. In addition, he contributed an opinion piece to The Globe and Mail in response to the BoC’s decision – read it here.