MNI BRIEF: BOC Investor Poll Shows Rate Hold Through Next Year
Nov-10 16:14By: Greg Quinn
Bank of Canada+ 1
Investors surveyed by the Bank of Canada predict the policy interest rate will remain on hold through next year with risks skewed to the downside amid the U.S. trade war.
That was the median response of about 30 financial market participants surveyed from Sept. 19 to Oct. 1 according to results published Monday. That timing meant the survey also correctly predicted the Bank's 25bp cut to 2.25% on Oct. 29. (See: MNI INTERVIEW: Supply Damage Supports BOC Hold- Dal's McNeil)
