Thursday, May 20, 2010

Prime Rate Hike Still in Question

No sooner did I say that BoC's overnight/benchmark rate (0.25%) "will go up in June" then they say that again is in question. Mr. Carney, please make a decision and stick with it! This indecision is hurting more than an actual rate hike would hurt. It keeps home buyers on the sidelines. The reason for this waffling is that the US Fed is saying inflation is down/stabile due to lower prices in things including gas prices.

I will continue to comment on this as time goes on.