April 4, 2022
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April 4, 2022
This survey took place in mid-February 2022 before Russia invaded Ukraine on February 24, 2022. Follow-up interviews took place in March and provide some insight into how consumers perceive the effects of the conflict. Short-term inflation expectations have reached record-high levels because of supply disruptions and the COVID 19 pandemic. Consumers think the Russian invasion of Ukraine will make high inflation worse. Despite greater concerns about inflation today, longer-term expectations have remained stable and are below pre-pandemic levels. This suggests that long-term inflation expectations remain well anchored and that survey respondents believe the current rise in inflation will not last. Although workers anticipate significant price increases in the near term, they believe their wages will increase only modestly. This is a source of dissatisfaction for them. Despite expecting higher interest rates, consumers continue to anticipate strong spending growth on a broad range of goods and services.
Canadian Survey of Consumer Expectations—First Quarter of 2022
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
March 31, 2022
Learn about the recipients of the Fellowship and Governor’s Awards for 2022.
Bank of Canada announces the recipients of the 2022 Fellowship Program Awards
Content Type(s):
Press,
Announcements
Source(s):
Fellowship Program
March 25, 2022
Household differences and why they matter
Speech summary
Sharon Kozicki
Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference
San Francisco, California
Deputy Governor Sharon Kozicki talks about why differences in income, wealth and debt across households are important for the economy and what the Bank of Canada will be watching for as interest rates rise.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Topic(s):
Central bank research,
Coronavirus disease (COVID-19),
Domestic demand and components,
Economic models,
Housing,
Inflation and prices,
Labour markets,
Monetary policy,
Monetary policy framework,
Recent economic and financial developments
March 23, 2022
Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022
The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII).
Content Type(s):
Press,
Press releases