Bank of Canada surveys show confidence waning in the population. Canadians say the bank has failed to explain inflation well, raising concerns. Economists argue the bank should begin publishing its rate forecasts, to guide markets. The bank still aims for a 2 % inflation target, sticking to its primary goal. It warns numerous consumers feel the pinch on their bills, increasing strain.
In the United States, Minneapolis Fed chief Neel Kashkari says the Fed will raise rates once in 2026. In Japan, ING now expects the Bank of Japan to hike rates in October. Both outlooks could influence borrowing costs worldwide.