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The next 60 days will be crucial for central banks and variable-rate mortgage borrowers
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-central-banks-variable-rate-mortgages/
The predators central banks fear are inflation and expectations
Any reprieve from the rate pain will depend heavily on four developments:
- Higher unemployment (Next jobs report: July 7)
- Slowing GDP (Next GDP report: June 30)
- Tumbling core inflation (Next inflation report: June 27)
- Easing home values (Next real estate board reports: first week of July)
The BoC interest rate announcement on July 12 is probably pretty significant too. 😬