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What to Expect Out of Bank of Canada Interest Rate Decision
There is an increasing consensus that we will get some action out of the BOC following their interest rate decision tomorrow. Of course, it’s too soon to expect a change in the interest rate. So, there is a unanimous agreement that rates will stay at 0.25%. But, the market understood that the BOC has taken a more hawkish tone after the last meeting when they raised their forecast for economic growth. The bank has repeated a line that a lot of other central banks have said: that inflation is expected to rise above the average, but then subside afterwards. This is the justification for keeping rates low. Several ... (full story)
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