April 10, 2024 14:14 GMT
BoC Projections As Expected For CPI, GDP A Little Hotter But With Payback
CANADA
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- A little less near-term inflation (2.2% Y/Y for end-2024 vs 2.4% prior) with no change thereafter.
- Stronger near-term GDP growth (2.1% Y/Y for end-2024 vs 1.6% prior) with payback in 2025 (2.2% Y/Y vs 2.7% prior).
- The neutral rate estimate was indeed lifted 25bps to a 2.25-3.25% range.
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