Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected.
year-over-year in September. Economists tracked by Bloomberg were expecting a 6.7 per cent increase.
Porter said the move would bring the overnight rate to four per cent. Additionally, he is currently predicting a 25 basis-point hike in December. Sticky inflation figures, coupled with hawkish rhetoric from the Bank of Canada, a weak Canadian dollar and a likely 75 basis-point hike from the U.S. Federal Reserve at its next meeting all signify a probable 75 basis-point hike, Porter said. Benjamin Tal, the deputy chief economist at CIBC, said in an email Wednesday that he predicts a 75 basis-point hike from the central bank. A move that would be in accordance with market expectations.
“As such, we now believe the Bank will need to go with a 75 bps hike next week rather than the 50 bps we previously anticipated. The Bank might then be left with a last 25 bps in December if growth numbers support it,” Charbonneau said in the note.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Odds of a 75-bps hike from the Bank of Canada just went up, economists sayCanada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on
اقرأ أكثر »
Odds of a 75-bps hike from the Bank of Canada just went up, economists sayCanada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on
اقرأ أكثر »
Odds of a 75-bps hike from the Bank of Canada just went up, economists sayCanada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on
اقرأ أكثر »
Odds of a 75-bps hike from the Bank of Canada just went up, economists sayCanada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on
اقرأ أكثر »
Odds of a 75-bps hike from the Bank of Canada just went up, economists sayCanada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on
اقرأ أكثر »
Bank of Canada gives Wealthsimple access to upcoming real-time-rail payment systemWealthsimple says it\u0027s the first non\u002Dbank, non\u002Dcredit\u002Dunion to be approved for a direct settlement account by the Bank of Canada. Read more.
اقرأ أكثر »