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BMO Now Sees 50BP Canada Rate Hikes in April and June

BOC
(MNI) OTTAWA
  • Bank of Canada is also expected to hike another 25bp at its July meeting, BMO economists say in report Monday
  • Change comes amid global move to faster tightening and Friday speech by BOC Deputy Kozicki referring to ability to move 'forcefully' and talking about the magnitude of rate hikes
  • QT may also begin at April policy meeting, BMO says
  • Rate may then climb in Oct, Jan, April, taking it to 2.5%, the high end of BOC's neutral range
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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