Bank of Canada surveys show trust slipping among Canadians. Canadians say the bank has failed to explain inflation well, sparking debate. Economists argue the bank should start releasing its rate forecasts, to guide markets. The bank still aims for a 2 % inflation target, sticking to its core goal. It warns numerous consumers feel the pinch on their bills, adding pressure.
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.