The beatings will continue until inflation improves.
More seriously though, it seems like we have hit the top of interest rate hikes. Which is good, this point is much in line with my thoughts:
Eby's letter to Macklem says “unnecessary” further interest rate increases pose a danger not just to homeowners looking to renew mortgages but to renters, students, seniors, families and small business people looking to pay bills, just as they start to recover from the COVID-19 pandemic.
When groceries are one of the top items that are suspect to inflation, it is questionable how far interest rate hikes will go in reducing inflation. If things have gotten to the point where I am taking out a loan to buy groceries, the situation is so far gone that interest rates probably aren't our first priority anymore.
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