The Bank of Canada sounded marginally dovish while keeping its key policy rate at 2.25% today, stating that the growth outlook had worsened and that it would look through the Iran war’s immediate impact on inflation. This supports our view that investors have gotten ahead of themselves in pricing in rate hikes later this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
