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MNI BOC Preview - April 2021: QE TAPER EVEN ODDS

MNI BOC Preview - April 2021: QE Taper Even Odds

The Bank of Canada is widely expected to keep its target rate on hold at 0.25% for the ninth consecutive policy announcement Wednesday, while nearly half the analysts cited anticipate a CAD1B decline in asset purchases to CAD3B/week. The balance expect status quo as they see the Bank not wanting to react too soon while still amidst the pandemic and third Covid-19 wave. A minority suspect the bank will push forward liftoff from 2023 to 2022.

Monetary Policy Report at 11:00 (ET). Tiff Macklem, Governor of the Bank of Canada, will hold a teleconference to discuss the Bank's base-case projection for inflation and growth in the Canadian economy, and its assessment of risks. Link:

https://www.bankofcanada.ca/multimedia/mpr-press-c...

Please use link below for full PDF document (contact us if you cannot access it):

Bank of Canada April 2021 Preview

  • Preview includes:
  • MNI POV (Point of View)
  • MNI Central Bank Data Watch
  • Sell-Side Analyst Views
  • MNI Policy Team Insight

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