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Analyst BoC Rate Path Views

CANADA
  • Ahead of tomorrow's labour report, we note that most analysts reviewed after yesterday's BoC decision still expect rates to peak at their current level of 5% for the overnight rate.
  • Some see upside risk, especially with a potential test from higher gasoline-led inflation in the near-term, whilst GS and JPM kept to existing views of one further hike next month.
  • See more in the MNI BoC Review published earlier, found here.




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