BoC Keeps Rates On Hold, But Raises Inflation Forecast For 2021

Jul. 15, 2021 2:50 AM ETEWC, FXC, BBCA, FLCA, HEWC, ZCAN
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Summary

  • Bank of Canada keeps key interest rates unchanged.
  • Orlando: BoC announcement was a reinforcement the Canadian economic recovery is moving along.
  • Orlando: Inflation is a near-term risk for the BoC.

The Bank of Canada keeps its key policy rate unchanged, but revises its 2021 inflation forecast higher thanks to the economy reopening and supply chain disruptions. Anthony Okolie speaks with James Orlando, Senior Economist, TD Bank, about the outlook for Canada’s economic recovery.

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