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Bank of Canada Says It Can Tolerate Near-Term Oil Price Impact, But May Raise Rates If Inflation Persists

Commodities Forex

2026-05-13 17:33:59

The Bank of Canada stated in its latest policy meeting minutes that members believe they can disregard the initial inflation shock from rising oil prices. However, if oil prices remain elevated for an extended period and continue to drive inflation higher, the central bank indicated that interest rate increases may become necessary.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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