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Scotiabank Now Sees Jan Rate Hike

BOC
(MNI) OTTAWA
  • "Inflationary pressures are larger than earlier assessed and require a more robust monetary policy response" chief economist Jean-Francois Perrault writes in note Wednesday
  • "In Canada, we expect a 25bps move on January 26 followed by 150bps of additional tightening for the remainder of the year, for a total increase of 175bps this year"
  • Earlier Canada reported 4.8% inflation, the fastest since 1991, and on Mon the BOC's survey of firms showed a majority seeing inflation topping 3%
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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