A sampling of commentary before Tuesday’s Bank of Canada interest rate meeting:
- All 28 economists surveyed by Bloomberg think the BoC will keep rates unchanged tomorrow.
- “A rate hike [today] is a very remote possibility at this point.” — BMO economist, Michael Gregory (Globe)
- “We expect the Bank of Canada has now entered a protracted period of sitting on the sidelines.” — TD Strategist, Charmaine Buskas
- “The market…is pricing in nothing from the Bank of Canada in coming months.” — Merrill Lynch economist, David Wolf
- Rates are being pulled in two directions. “We are stuck in this stagflationary mix of upside risks to inflation from commodities and downside risks to growth from the U.S.” — BMO economist, Sal Guatieri
- “Inflation is a bigger worry right now. We could see headline inflation jump to three per cent in the next month’s data (June).” — BMO economist, Benjamin Reitzes
Sources: Globe & Mail, Bloomberg, 570 News
Visited 1 times, 1 visit(s) today
Last modified: April 25, 2014
