Free Trial

BOC Rate Seen At Or Near Peak- Ex Gov. Dodge

CANADA
  • Coming during the FOMC press conference, a new forecast by former BoC Governor Dodge sees the BoC’s current policy interest rate of 4.75% at or near the peak for this cycle.
  • The market currently appears to have a modestly more hawkish view depending quite how you interpret it, anticipating approximately 1.5 hikes from the current 4.75% after the 25bp hike earlier this month.
  • The broader trend is in keeping though: The U.S. Federal reserve is in the same situation and in both nations "rates would come down only gradually in 2024 and 2025," according to a report from Bennett Jones where Dodge became a senior adviser after running the central bank from 2001-2008.

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.