Free Trial

BoC Projections As Expected For CPI, GDP A Little Hotter But With Payback

CANADA
  • 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.
46 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • 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.