The outgoing Governor Carney's last scheduled statement next week (May 29th) is unlikely to hint at any shift in policy. Nor do we believe that his replacement Stephen Poloz, due to take over next month, will make any immediate changes. But the Bank's tightening bias will soon prove unnecessary and we still believe that, if there is to be any change in the policy interest rate over the next 12 to 24 months, it would be to lower rates, not raise them.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services