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Bank of Canada's second 50-bps hike seen locked in, but what comes next?

From financialpost.com

The Bank of Canada will almost certainly go ahead with its second consecutive half-point interest rate hike on Wednesday, as it scrambles to tame runaway inflation before price increases become self-fulfilling. The big mystery is what happens next. All 30 economists surveyed by Reuters expect the central bank will hike its policy rate to 1.5% from 1.0% in a decision at 10 a.m. ET (1400 GMT). That will follow April’s 50-basis-point move, the first such increase in more than two decades. After teasing an even bigger lift, Governor Tiff Macklem made clear in recent weeks that discussions ahead of Wednesday’s decision ... (full story)

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  • Category: Fundamental Analysis