-
What To Expect From BoC? - BofA, Barclays, Nomura, & Others
The following are the expectations for today's BoC policy meeting as provided by the economists at Bank of America Merrill Lynch, Nomura, Credit Suisse, and other major banks. BofA:We expect the BoC to leave rates on hold, maintaining a neutral stance. Since the last interest rate decision, inflation risks are unchanged on balance: stronger near-term CPI is offset by medium-term risks to growth and the closing of the output gap from weaker external demand. On the financial stability side, risks remain elevated, with household leverage high and existing home sales rising briskly along with prices. That should leave ... (full story)