BoC Preview: Forecasts from nine major banks, very close call BOC InterestRate USDCAD Macroeconomics Banks
here are the expectations as forecast by the economists and researchers of nine major banks, regarding the upcoming announcement.
might have some gravitational pull on the BoC but we definitely don’t expect a one-for-one impact and still believe this hike could be the Bank’s last.”“While market expectations are split between a 50 bps hike and a 25 bps hike from the BoC this week, we expect another larger-than-’usual’ 50 bps hike as there has not been any notable progress on cooling demand or inflation. This is certainly still the case with the average of the preferred measures rising from 5.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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