Bank of Canada Keeps Rates at 5%

The Bank of Canada has decided to keep its interest rate steady at 5% during its September meeting, as expected by the market. Despite inflation being above target at 3.3%, the Canadian dollar remains neutral. A panel discussion follows, analyzing the decision and future expectations. While some believe the rate hikes might be over, uncertainty remains due to persistent inflation concerns. The Bank of Canada is prepared to hike rates again if necessary, with two more meetings scheduled before the year's end.

What is the significance of the phrase 'sticky inflation' in the context of the Bank of Canada's decisions?

What do the experts anticipate regarding future interest rate hikes?