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MNI: BOC RAISES KEY INTEREST RATE TO 1% FROM 0.50%

(MNI) OTTAWA


MNI: BOC RAISES KEY INTEREST RATE TO 1% FROM 0.50%

BANK OF CANADA STARTING QUANTITATIVE TIGHTENING ON APRIL 25

BOC SAYS QT WILL INVOLVE ASSET ROLL-OFF OVER TIME

BOC: RATE MUST RISE FURTHER, PACE HINGES ON ECONOMY, INFLATION

BANK OF CANADA SAYS ECONOMY IS MOVING INTO EXCESS DEMAND

BOC SEES 6% CPI IN FIRST HALF, WON'T RETURN TO 2% UNTIL 2024

BOC SEES NOMINAL NEUTRAL RATE OF 2.5%, UP 25BP FROM PRIOR VIEW

BOC SEES INCREASING RISK OF ENTRENCHED INFLATION EXPECTATIONS

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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