July 14, 2022
Bank of Canada uses 'shock and awe' to bolster inflation-fighting credibility
"Exceeding forward guidance might have been the point - by delivering more than expected, policymakers may have hoped to magnify the psychological impact on businesses and consumers," said Karl Schamotta, chief market strategist at Corpay, a business payments firm. "It's a 'shock-and-awe' strategy," he added.
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