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UBS Clear Standout In Bloomberg Analyst Survey

CANADA
  • Bloomberg’s analyst survey taken through Feb 14-21 show a large majority expecting rates on hold through 2023 amidst the BoC's conditional pause.
  • Some cuts start to be pencilled in for 4Q23 but only more earnestly in early 2024 (albeit with fewer survey responses).
  • The clear standout call is from UBS though: eyeing a first 50bp cut to 4% in July before 2.5% in Dec and 0.25% by Mar’24.

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