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OUTLOOK: CPI And BOC's Lane

CANADA
  • Data: CPI for January is the main release today at 0830ET. Consensus sees headline steady at 4.8% Y/Y (average 4.85%) on a non-seasonally adjusted increase of 0.6% M/M, but with reasonable dispersion within the range of now 19 estimates.
  • This would be in line with the BOC’s forecast for headline CPI "to remain close to 5% over the first half of 2022". The average of the core measures is expected to increase a tenth to 3% Y/Y. Further info here: https://marketnews.com/cpi-preview-1-2 and here https://marketnews.com/cpi-preview-2-2.
  • Manufacturing and whole sales for Dec are released at the same time, along with US retail sales.
  • BOCspeak: Dep Gov Lane speaks at 1330ET on “Central Bank Decision-Making in Turbulent Times” at the Uni. Of Calgary’s School of Public Policy. The speech will be embargoed and released at the same time, followed by audience Q&A.

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