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Review Of Analyst Rate Calls For Sept

CANADA
  • See the table below for a round-up of analyst rate calls after yesterday’s CPI print. Most are unchanged on prior views, with 6 of 9 seeing a 75bp hike, although JPM now also note material risk of such a move.
  • There remains a wide range to terminal views, with National seeing hikes beyond 3.25% as counterproductive given reduced global demand and a weakening housing market and GS at the other end still calling for a 4.25% terminal rate.

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