Skip to main content

Featured

Khamenei Accuses Trump of Stoking Deadly Unrest in Iran

A demonstrator holds the burning head of an effigy depicting US President Donald Trump during a protest against the US. Iran’s Supreme Leader Ayatollah Ali Khamenei has intensified his criticism of the United States, directly accusing President Donald Trump of encouraging the wave of protests that has shaken the country. The demonstrations, which began as economic grievances, quickly expanded into broader political unrest and were met with a forceful response from Iranian security forces. Khamenei framed the turmoil as part of a foreign-backed effort to destabilize the Islamic Republic, arguing that Washington — and Trump personally — sought to inflame tensions and undermine Iran’s stability. Trump had publicly expressed support for the protesters and warned Iran against harsh reprisals, comments that Tehran dismissed as interference. While Iranian leaders attribute the unrest to outside influence, many demonstrators point to long-standing domestic frustrations, including economic h...
Post a Comment
Read more

article

Labels

Bank of Canada Holds Key Interest Rate at 5% Amid Speculation of a June Cut

 



The Bank of Canada (BoC) has maintained its benchmark interest rate at 5% in its third update of the year. However, the central bank has hinted that a rate cut in June is “within the realm of possibilities.” Governor Tiff Macklem emphasized the need for sustained progress on inflation before any decisive action is taken.

Recent data has fueled speculation about a potential rate cut. Notably, core inflation has eased, and the jobs market has stalled. While the BoC expects core inflation to continue its gradual decline, rising gas prices may keep the Consumer Price Index (CPI) hovering around 3% in the coming months.

Governor Macklem emphasized that the central bank will closely monitor inflation trends. The decline in core inflation must be more than a temporary blip to warrant a rate cut. The BoC seeks assurance that this downward trend is sustainable.

Analysts surveyed by Reuters had anticipated the BoC’s decision to maintain the key overnight rate at 5% for the sixth consecutive meeting. However, recent developments have shifted expectations. BMO Capital Markets’ Canadian rates and macro strategist, Benjamin Reitzes, described the BoC’s statement as “mildly more dovish.” While June remains a possibility, the upcoming CPI reports will play a crucial role in shaping the central bank’s next move.

In summary, the Bank of Canada’s decision to hold the rate steady reflects cautious optimism. As we approach June, all eyes will be on inflation indicators, determining whether the path to price stability warrants a rate adjustment. 

Labels:

Comments

Post a Comment