

By Julie Gordon and David Ljunggren
OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Thursday said inflation would dictate how fast interest rates go up, reiterating that the bank might need to make more increases in a row or consider a move larger than 50 basis points.
Macklem, answering questions after the release of an annual financial system review, made clear getting inflation back to the 2% target was the central bank's No. 1 priority, though it hoped to avoid cooling the economy too much.
The bank raised its benchmark rate to 1.5% from 1.0% last week and said it was prepared to act "more forcefully" if needed to curb inflation, currently running at a 31-year high.
"What we're indicating is we may need to take more steps... to get inflation back to target or we may need to move more quickly, we may need to take a larger step," Macklem said.
"The most important factor really is the outlook for inflation," he later said.
Macklem also said the bank needed to bring domestic demand more in line with supply, without overcooling the economy.
"We don't want to choke off demand. We want to get rid of the excess demand, the excess part of it," he said.
In the earlier report, the bank said Canada's financial system faced an increased risk from highly indebted households with more people vulnerable to rate hikes after stretching to buy homes at elevated prices.
"The Bank is paying particular attention to the fact that a greater number of Canadian households are carrying high levels of mortgage debt," it said, highlighting a sharp increase in high ratio mortgages.
"These households are more vulnerable to declines in income and rising interest rates," it said.
But while overall risks to Canada's financial system have become more elevated in the last year amid geopolitical tensions, high inflation and rising interest rates, key institutions remain resilient, the bank said.
The Canadian dollar was trading 0.7% lower at 1.2650 to the U.S. dollar, or 79.05 U.S. cents, as the greenback rallied against a basket of major currencies.
EUR/USD
1.0483
+0.0044 (+0.42%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (3)
Sell (1)
EUR/USD
1.0483
+0.0044 (+0.42%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (3)
Sell (1)
GBP/USD
1.2173
+0.0048 (+0.40%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (4)
Sell (5)
USD/JPY
135.76
-0.82 (-0.60%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (0)
AUD/USD
0.6905
+0.0024 (+0.34%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (5)
USD/CAD
1.2876
-0.0015 (-0.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/JPY
142.32
-0.26 (-0.18%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/CHF
1.0006
+0.0034 (+0.35%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (9)
Gold Futures
1,807.90
-9.60 (-0.53%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (3)
Sell (1)
Silver Futures
20.253
-0.485 (-2.34%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (0)
Copper Futures
3.6830
-0.0975 (-2.58%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (7)
Sell (2)
Crude Oil WTI Futures
105.81
-3.97 (-3.62%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (7)
Brent Oil Futures
109.07
-3.38 (-3.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
Natural Gas Futures
5.545
-0.953 (-14.67%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
US Coffee C Futures
230.28
+2.03 (+0.89%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (3)
Euro Stoxx 50
3,454.86
-59.46 (-1.69%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (3)
S&P 500
3,785.38
-33.45 (-0.88%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
DAX
12,783.77
-219.58 (-1.69%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (2)
Sell (3)
FTSE 100
7,169.28
-143.04 (-1.96%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Hang Seng
21,859.79
-137.10 (-0.62%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (3)
US Small Cap 2000
1,699.68
-19.69 (-1.15%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (5)
Sell (4)
IBEX 35
8,098.70
-89.30 (-1.09%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
BASF SE NA O.N.
41.525
-0.055 (-0.13%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
56.72
-0.90 (-1.56%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (2)
Allianz SE VNA O.N.
182.12
-1.60 (-0.87%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Adidas AG
168.76
-1.26 (-0.74%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (3)
Deutsche Lufthansa AG
5.564
-0.249 (-4.28%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Siemens AG Class N
97.09
-4.31 (-4.25%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Deutsche Bank AG
8.318
-0.253 (-2.95%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (4)
EUR/USD | 1.0483 | ↑ Buy | |||
GBP/USD | 1.2173 | ↑ Sell | |||
USD/JPY | 135.76 | ↑ Buy | |||
AUD/USD | 0.6905 | Neutral | |||
USD/CAD | 1.2876 | ↑ Buy | |||
EUR/JPY | 142.32 | ↑ Buy | |||
EUR/CHF | 1.0006 | Sell |
Gold | 1,807.90 | ↑ Buy | |||
Silver | 20.253 | ↑ Buy | |||
Copper | 3.6830 | Neutral | |||
Crude Oil WTI | 105.81 | ↑ Sell | |||
Brent Oil | 109.07 | ↑ Sell | |||
Natural Gas | 5.545 | ↑ Sell | |||
US Coffee C | 230.28 | Neutral |
Euro Stoxx 50 | 3,454.86 | ↑ Buy | |||
S&P 500 | 3,785.38 | ↑ Buy | |||
DAX | 12,783.77 | Neutral | |||
FTSE 100 | 7,169.28 | Sell | |||
Hang Seng | 21,859.79 | Sell | |||
Small Cap 2000 | 1,699.68 | Neutral | |||
IBEX 35 | 8,098.70 | Sell |
BASF | 41.525 | ↑ Buy | |||
Bayer | 56.72 | Neutral | |||
Allianz | 182.12 | Sell | |||
Adidas | 168.76 | Buy | |||
Lufthansa | 5.564 | ↑ Buy | |||
Siemens AG | 97.09 | ↑ Sell | |||
Deutsche Bank AG | 8.318 | Neutral |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,810/ 6,870 (0/ 0) # 1,764 |
SJC HCM | 6,830/ 6,890 (0/ 0) # 1,783 |
SJC Hanoi | 6,830/ 6,892 (0/ 0) # 1,785 |
SJC Danang | 6,830/ 6,892 (0/ 0) # 1,785 |
SJC Nhatrang | 6,830/ 6,892 (0/ 0) # 1,785 |
SJC Cantho | 6,830/ 6,892 (0/ 0) # 1,785 |
Cập nhật 01-07-2022 03:42:31 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,807.54 | -11.52 | -0.63% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 33.470 | 34.130 |
RON 95-III | 32.870 | 33.520 |
E5 RON 92-II | 31.300 | 31.920 |
DO 0.05S | 30.010 | 30.610 |
DO 0,001S-V | 30.810 | 31.420 |
Dầu hỏa 2-K | 28.780 | 29.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $104.61 | +3.74 | 3.45% |
Brent | $108.71 | +3.2 | 2.86% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.105,00 | 23.415,00 |
EUR | 23.704,39 | 25.032,07 |
GBP | 27.520,94 | 28.694,87 |
JPY | 165,73 | 175,46 |
KRW | 15,51 | 18,90 |
Cập nhật lúc 18:51:16 30/06/2022 Xem bảng tỷ giá hối đoái |