Canada Economics

Bank of Canada Watch

29 November, 2017

Bank already starting to regret rate hikes

The Bank of Canada will leave interest rates at 1.00% at its policy rate meeting next week and, by putting emphasis on the uncertainties clouding the outlook, will signal that it isn’t contemplating raising rates early next year as markets expect. We expect the Bank to remain on hold for the next six months, before potentially lowering rates in the second half of next year.

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