- Rabobank are in the minority of analysts looking for the Bank of Canada to remain on hold tomorrow.
- Writing after the latest June CPI report, “while these [inflation] data won’t be quite the outcome the BoC was wishing for, it will provide some solace given inflationary pressures had been picking up over recent months.”
- “Overall, we expect the BoC to pause in July and leave rates on hold at 4.75%. This meeting will be accompanied by a new Monetary Policy Report containing new projections, which should allow the Bank to set the scene for two more rate cuts this year and a continued easing cycle in 2025.”
- “The curve continues to steepen from the most inverted level seen in 33yrs (back in July of 2023), and we expect that steepening trend to continue in the coming weeks.”
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Canada
CANADA: Rabobank See BoC Pause In July, Expect Further Steepening
Last updated at:Jul-23 18:47By: Chris Harrison
Canada
- Rabobank are in the minority of analysts looking for the Bank of Canada to remain on hold tomorrow.
- Writing after the latest June CPI report, “while these [inflation] data won’t be quite the outcome the BoC was wishing for, it will provide some solace given inflationary pressures had been picking up over recent months.”
- “Overall, we expect the BoC to pause in July and leave rates on hold at 4.75%. This meeting will be accompanied by a new Monetary Policy Report containing new projections, which should allow the Bank to set the scene for two more rate cuts this year and a continued easing cycle in 2025.”
- “The curve continues to steepen from the most inverted level seen in 33yrs (back in July of 2023), and we expect that steepening trend to continue in the coming weeks.”
Related by topic
Canada
