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Analyst Views Skewed Towards 50bp Hike At Oct BoC

CANADA
  • The BoC yesterday hiked 75bp to 3.25% as expected whilst continuing to signal further increases ahead.
  • Some upward revisions to rate paths see analysts reviewed below skewed towards a 50bp hike at the Oct 26 meeting or where looking for 25bp at least with upside risk.
  • However, the BoC is increasingly data dependent and there are 2 x CPI and labour reports still to come before the Oct meeting.

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