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BOC HIKES 25BPS TO 5%, SAYS INFLATION MAY STICK ABOVE 2%

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BOC HIKES 25BPS TO 5%, SAYS INFLATION MAY STICK ABOVE 2%

BOC MOVES 2% CPI FORECAST TO MID-2025 FROM END OF 2024

BOC GIVES NO DIRECT FORWARD RATE GUIDANCE IN STATEMENT

BOC SEES LESS NEAR-TERM DOWNWARD INFLATION MOMENTUM

BOC SEES CPI HOVERING AROUND 3% OVER THE NEXT YEAR

BOC RAISES 2023 CPI FORECAST TO 3.7% FROM 3.5%

BOC SEES SIGNS OF PERSISTENT EXCESS DEMAND IN ECONOMY

BOC RAISES 2023 GDP FORECAST TO 1.8% FROM 1.4%

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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