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Reuters BoC Survey Of Economists

CANADA
  • A Reuters poll taken Jun 30-Jul 6 sees 27 of 29 economists expecting a 75bp hike from the BoC next Wednesday.
  • A significant majority sees a reversion to a 50bp hike in Sep to take the overnight rate to 2.75%, well into the neutral range of 2-3%.
  • Most then see a slowing to 25bp hikes in Oct and Dec to 3.25% by year-end, in line with futures, although over one-quarter see it higher, before pausing.
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  • A Reuters poll taken Jun 30-Jul 6 sees 27 of 29 economists expecting a 75bp hike from the BoC next Wednesday.
  • A significant majority sees a reversion to a 50bp hike in Sep to take the overnight rate to 2.75%, well into the neutral range of 2-3%.
  • Most then see a slowing to 25bp hikes in Oct and Dec to 3.25% by year-end, in line with futures, although over one-quarter see it higher, before pausing.