Some of those troubling headlines, he said, have less impact on the housing market than they might have a year ago. \u201cI think all of us in financial markets, if we\u2019re not completely used to the uncertainty and threats, we\u2019re able to deal with them a little bit more calmly,\u201d he said.<\/p>\n
\u201cAnd I don\u2019t think that alone will really shift the housing market. I think it\u2019s the reality on the ground in terms of rates and what\u2019s going on in the job market that will have a bigger say.\u201d<\/p>\n
Bank of Canada governor Tiff Macklem refused to be drawn much on political issues, although he highlighted this year\u2019s upcoming CUSMA (Canada-US-Mexico Agreement) review as an \u201cimportant risk\u201d to the central bank\u2019s projections for 2026.<\/p>\n
For now, Porter saw nothing in Wednesday\u2019s announcement to suggest the Bank is considering changing its current approach.<\/p>\n
\u201cIn terms of what it means for policy, we\u2019re still of the view that the most likely outcome this year is no change,\u201d he said, \u201cand we\u2019re also of the view that if we\u2019re going to be wrong, it\u2019s more likely that they\u2019ll cut rates rather than raise them this year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Some of those troubling headlines, he said, have less impact on the housing market than they might have…\n","protected":false},"author":2,"featured_media":256587,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5490,138,219,6338,111,139,69,20172],"class_list":["post-256586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-canada","tag-business","tag-economy","tag-housing-market","tag-new-zealand","tag-newzealand","tag-nz","tag-silver-lining"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/256586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=256586"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/256586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/256587"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=256586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=256586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=256586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}