Bank of Canada surveys show confidence waning in the population. Canadians say the bank has struggled to explain inflation well, sparking debate. Economists argue the bank should begin publishing its rate forecasts, to improve transparency. The bank still aims for a 2 % inflation target, upholding 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 lift rates in October. Both outlooks could influence borrowing costs worldwide.