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Listened to part of interview today. Sounds like BofC is expecting inflation. In short term only some of it will affect us as things like hotels, travel etc are included in cpi. Holding firm on 0.25% rate.

 

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Listened to part of interview today. Sounds like BofC is expecting inflation. In short term only some of it will affect us as things like hotels, travel etc are included in cpi. Holding firm on 0.25% rate.
They do not get when people hoard money there will be NO inflation. The velocity of money has gone off a cliff. Take the math past that of Newton to that of cycles & eventually inflation will be with us.
 

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On the other hand, Fed in USA and BofC here hardly changed their rates from 08/9 to 2015/7. 5-7 years with no interest rate increases. Will that happen again? Maybe it will be different this time.
 
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