{"id":43311,"date":"2022-07-15T14:46:05","date_gmt":"2022-07-15T18:46:05","guid":{"rendered":"https:\/\/carleton.ca\/economics\/?p=43311"},"modified":"2025-06-11T09:08:56","modified_gmt":"2025-06-11T13:08:56","slug":"professor-vivek-dehejia-speaks-to-the-canadian-press-wire-service-on-bank-of-canadas-100-basis-point-rate-hike","status":"publish","type":"post","link":"https:\/\/carleton.ca\/economics\/2022\/professor-vivek-dehejia-speaks-to-the-canadian-press-wire-service-on-bank-of-canadas-100-basis-point-rate-hike\/","title":{"rendered":"Professor Vivek Dehejia speaks to the Canadian Press Wire Service on Bank of Canada&#8217;s 100 Basis Point Rate Hike"},"content":{"rendered":"\n<section class=\"w-screen px-6 cu-section cu-section--white ml-offset-center md:px-8 lg:px-14\">\n    <div class=\"space-y-6 cu-max-w-child-5xl  md:space-y-10 cu-prose-first-last\">\n\n            <div class=\"cu-textmedia flex flex-col lg:flex-row mx-auto gap-6 md:gap-10 my-6 md:my-12 first:mt-0 max-w-5xl\">\n        <div class=\"justify-start cu-textmedia-content cu-prose-first-last\" style=\"flex: 0 0 100%;\">\n            <header class=\"font-light prose-xl cu-pageheader md:prose-2xl cu-component-updated cu-prose-first-last\">\n                                    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 relative after:absolute after:h-px after:bottom-0 after:bg-cu-red after:left-px text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] pb-5 after:w-10 text-cu-black-700 not-prose\">\n                        Professor Vivek Dehejia speaks to the Canadian Press Wire Service on Bank of Canada&#8217;s 100 Basis Point Rate Hike\n                    <\/h1>\n                \n                                \n                            <\/header>\n\n                    <\/div>\n\n            <\/div>\n\n    <\/div>\n<\/section>\n\n<p>Professor <a href=\"https:\/\/carleton.ca\/india\/people\/vivek-h-dehejia\/\">Vivek Dehejia<\/a> speaks to the Canadian Press wire service about the impacts on average Canadians of the Bank of Canada&#8217;s recent 100 basis point rate hike in the midst of high inflation.&nbsp; See below for an excerpt featuring Professor Dehejia&#8217;s interview:<\/p>\n\n\n\n<p>&#8220;As Canadians face a double whammy of skyrocketing inflation and the largest interest rate hike seen in 24 years, one expert is warning that prices won&#8217;t be coming down anytime soon.<\/p>\n\n\n\n<p>ÐÓ°ÉÔ­´´ University economics professor Vivek Dehejia says there may be &#8220;some relief&#8221; in sight, but not a whole lot, and expects a &#8220;tough six months to a year for average Canadians&#8217;.<\/p>\n\n\n\n<p>He says the pressure points that played a big role in pushing inflation to a near 40-year-high &#8220;are still in play&#8221;, namely ongoing supply chain disruptions, labour shortages and the war in Ukraine, which is driving fuel and food prices up with no end in sight.&#8221;<\/p>\n\n\n\n<p>For a link to the full article, click <a href=\"https:\/\/obj.ca\/article\/canada-world\/tough-6-12-months-ahead-canadians-amid-inflation-rate-hikes-expert\">here<\/a>.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Vivek Dehejia speaks to the Canadian Press wire service about the impacts on average Canadians of the Bank of Canada&#8217;s recent 100 basis point rate hike in the midst of high inflation.&nbsp; See below for an excerpt featuring Professor Dehejia&#8217;s interview: &#8220;As Canadians face a double whammy of skyrocketing inflation and the largest interest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":35067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[66,364,365,61],"class_list":["post-43311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bank-of-canada","tag-canadian-press-wire","tag-inflation","tag-vivek-dehejia"],"acf":{"cu_post_thumbnail":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/43311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/comments?post=43311"}],"version-history":[{"count":2,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/43311\/revisions"}],"predecessor-version":[{"id":43313,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/43311\/revisions\/43313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/35067"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=43311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/categories?post=43311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/tags?post=43311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}