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OCTOBER 2020 BOC POLICY PREVIEW, No Surprises

CANADA
MNI has published our October 2020 BOC Meeting Preview that includes a summary of 15 sell-side analysts' opinions and exclusive policy analysis.
  • All 15 analysts expect the Bank of Canada to keep its target rate on hold at 0.25% Wednesday through 2021, with a minority going out as far as 2023.
  • Markets will be alert to any changes in asset purchases via QE and/or mortgage lending via Canada Mortgage Bonds (CMB) Program. From the Monetary Policy Report (MPR), GDP growth expectations are widely expected to be positive after pessimistic estimates made in July.
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