this post was submitted on 12 Jul 2023
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[–] [email protected] 6 points 1 year ago

When the BoC kept rates steady, indicators (such as housing price) started inflating again. I think their concern is that the leading indicators (e.g. job growth and employment) haven't started to fall.

Most of the media I've seen says it takes 12-18 months for the effects of interest rate changes to kick in. So yeah, it seems rapid fire.