[b112]

It is not 4% per month, that is the yearly rate, as a current value. And it didn't "jump", it went up a tiny bit.

Target inflation for the Bank of Canada is around 2% yearly. The bank did not increase rates the last round, and inflation is dramatically down from a year ago.

It wants to ensure it doesn't over correct.

[Fervicus]

Fair points and I stand corrected in some of my wording. But that still doesn't explain why rates have "mostly peaked". It is equally possible that we are nowhere near the peak.

[b112]

Many infatuationary pressures have eased. I could write a bunch of things here, but you'd get a better look if you googled on why the bank of canada has eased off a bit on rate increases.

Of course, the future is an unknown, but inflation is about half what it was a year ago.

Heck, there has been some talk of deflation! A lot of stuff peaked due to supply, and those prices could drop dramatically.

[Fervicus]

I speculate that we will be seeing more hikes. But I have been wrong before :)

[b112]

That's why I said "mostly peaked". But rather than large jumps every announcement, I suspect we'll skip some, and only have small, quarter point corrections. Maybe one in October, and in the spring.

This indicates a soft landing, but I agree, we'll see. Anything could happen.