The Bank of Canada’s largely-unchanged economic projections are similar to our own, although we think the slow pace of economic growth this year will help ease core price pressures sooner than policymakers expect. On the whole, however, we don’t find anything in the Bank’s latest communications to suggest that changes to the policy rate will be forthcoming anytime soon.
We'll be discussing today’s policy announcement in an online Drop-In later today at 12:00 ET/17:00 GMT. Register here to take part.
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