Bank of Canada surveys show credibility eroding among Canadians. Canadians say the bank has not explained inflation well, sparking debate. Economists argue the bank should begin publishing its rate forecasts, to restore confidence. The bank still aims for a 2 % inflation target, maintaining its core goal. It warns a large swathe of households feel the pinch on their bills, increasing strain.
In the United States, Minneapolis Fed chief Neel Kashkari says the Fed will increase rates once in 2026. In Japan, ING now expects the Bank of Japan to raise rates in October. Both outlooks could affect borrowing costs worldwide.