Golden_Brown
By James Knightley and Francesco Pesole
No change as Bank of Canada confirms we are at the peak
All 22 banks surveyed by Bloomberg expect the Bank of Canada (BoC) to leave policy interest rates unchanged next week. This shouldn’t come
Bank Of Canada Preview: At The Top With Only Downside To Come
Summary
- After 425bp of interest rate hikes, the Bank of Canada signalled it would pause to digest the impact.
- Since its January meeting, growth has disappointed and inflation has slowed more than expected, though job creation continues at pace.
- Canada is heavily exposed to higher rates and we see downside risks to growth, with rate cuts on the cards for Q4.
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