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MNI BRIEF: Investors Saw 4% Rate at End of 2023- BOC Survey

(MNI) OTTAWA
OTTAWA (MNI)

Investors tell the BOC inflation will remain elevated at 2.9%.

Investors saw the Bank of Canada's policy interest rate declining to 4% by the end of this year and inflation slowing but remaining elevated at 2.9%, according to the debut survey of investors published Monday.

The Bank collected responses about three or four weeks before the Jan. 25 rate decision, according to a background paper. Governor Tiff Macklem hiked a quarter point to 4.5% and said he will pause if the economy advances as expected.

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Investors saw the Bank of Canada's policy interest rate declining to 4% by the end of this year and inflation slowing but remaining elevated at 2.9%, according to the debut survey of investors published Monday.

The Bank collected responses about three or four weeks before the Jan. 25 rate decision, according to a background paper. Governor Tiff Macklem hiked a quarter point to 4.5% and said he will pause if the economy advances as expected.

Keep reading...Show less