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Growing Number Of Analysts Looking For 25bp Hike On Wed

  • Latest BoC views from Fri and over the weekend have seen a few more analysts lean towards a 25bp hike from the BoC on Wednesday (and some sticking with on hold but it almost being a coin toss), although Bloomberg consensus remains comfortably for no change.
  • Those in the hike camp now include Barclays, Citi, JPM, Scotia and TD, with an added mention for GS who look for on hold this week but then two 25bp hikes in July and September.
  • See summary table below, whilst noting that the increased data dependency at this stage of the cycle sees fewer discussions on potential terminal rates.

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