Bank of Canada surveys show credibility eroding in the population. Canadians say the bank has not explained inflation well, fueling criticism. Economists argue the bank should make public its rate forecasts, to guide markets. The bank still aims for a 2 % inflation target, sticking to its core goal. It warns many people feel the pinch on their bills, heightening anxiety.
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 raise rates in October. Both outlooks could sway borrowing costs worldwide.