Canada Economics

Bank of Canada Watch

18 October, 2017

Bank unlikely to raise interest rates

The Bank of Canada will probably err on the side of caution at its policy meeting next week by deciding to keep interest rates at 1.00%. Although the Bank still seems confident in the economy, NAFTA renegotiations are clearly going from bad to worse. In addition, the Bank doesn’t know how badly the economy will react to tougher mortgage regulations either. Accordingly, further interest rate hikes this year or next now seem less likely, in contrast to financial market expectations.

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon

Get the App

The Capital Economics apps are a great way for clients to keep up to date with our latest research.

Capital Economics AppsFind out more
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.