The Bank is “closely watching” the inflation issue, according to the announcement, which emphasized that an elevated level is likely to remain throughout the first six months of next year before returning to its target of around 2% in the second half.
Canadian Imperial Bank of Commerce (CIBC) World Markets managing director and deputy chief economist Benjamin Tal (pictured top) told Canadian Mortgage Professional that the Bank had taken a careful approach to the inflation question by indicating that they were monitoring the situation but not moving too quickly on it. # SANDI HALPERN # SOLD # LEASED # INFLATION RATE # INTEWREST RATES
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