BOC Hike 50Bps and begins QT. The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer …
Median Forecast Is For Rate Hike To 0.75% By End Of Q2 2022 (Vs No Change In December Poll) Rate Hike By End Of March A Close Call: 16 Of 31 Economists Say Unchanged; 15 Said It Will Rise To 0.50% Or More Risk To Pace Of Rate Rises This Year Is They Come Faster Than Expected, Said All 15 …
Central bank ‘cannot afford to wait any longer’: Scotiabank Economy is running hot, with widespread labor shortages Canadian banks are bringing forward their forecasts for interest rate hikes to as early as next week, amid growing evidence the economy is hitting limits and inflation pressures are rising. Economists at TD Securities and Laurentian Bank said Monday the Bank of Canada …
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