Bank of Canada Raises Rates 50 Basis Point to Highest Level Since 2008

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  • #46401
    MoneyNeverSleeps
    Participant

    Goldman Sachs discusses CAD outlook around tomorrow’s BoC policy decision.

    “This week’s Bank of Canada meeting is a close call, with consensus split on whether they will take another step down in the hiking pace after more mixed activity news and a slightly softer Business Outlook Survey, but still-firm inflation,” GS notes.

    #43210
    Helmholtz Watson
    Participant

    Bank of Canada raised the target for its overnight rate by 50bps to 3.75% in October 2022, the market had been leaning for a 75bps hike. The move foll
    [See the full post at: Bank of Canada Raises Rates 50 Basis Point to Highest Level Since 2008]

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