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Instant Answers From Bank of Canada Decision

BOC
(MNI) OTTAWA
  • Overnight Rate Target (level in X.XX%) 0.25%

  • Does the Bank say a new Covid variant is a downside risk? YES

  • Does the BOC offer forward guidance for a rate increase in the “middle quarters” of 2022? YES

  • Does the BOC push back guidance for a rate increase, to LATER THAN the middle quarters of 2022? NO

  • Does the BOC signal it could raise rates SOONER than April 2022? NO

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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