Bank of Canada stand-pat seen as hawkish; December hike odds rise
Capital Economics says the Bank of Canada’s decision was stand-pat but had a hawkish tilt, citing concern that upside inflation risks have increased amid the prolonged Middle East conflict.
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02:46:47 PM UTC
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Upside risk to inflation and downside risk to growth make it sensible for the Bank of Canada to sit tight until there is more clarity, KPMG Canada's Ali Jaffery reckons. "Market bets of rate rises in the near future are totally off, as usual," the economist says. The central bank again left its pol…
Capital Economics says the Bank of Canada's stand-pat decision has a hawkish tilt due to its concern how the upside risks to inflation have increased due to the prolonged conflict in the Middle East.
The firm's economist Stephen Brown adds the last paragraph removed a suggestion that the rate level…