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MNI BOC Preview - March 2021: Balance Act

The Bank of Canada is widely expected to keep its target rate on hold at 0.25% for the eighth consecutive time Wednesday, while maintaining guidance and asset purchases steady at CAD4B/week. Of the 20 sell-side analyst opinions covered in the MNI Policy Preview, none expect change in the target rate, and half see no change in the next two years.

A minority of analysts see the next policy announcement on April 21 as the more likely candidate for tweaking policy.

There is no Monetary Policy Report or press conference following Wednesday's rate announcement, but Bank of Canada Deputy Governor Schembri will make remarks at a speech scheduled for Thursday at 1330ET. Link:

BOC Deputy Gov Schembri

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MNI BOC Preview - March 2021

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