Bank of America expects Bank of Canada to hold rates at 2.25%
Investing.com -- Bank of America expects the Bank of Canada to keep its interest rate unchanged at 2.25% at its July 15 meeting, though the bank warns of possible hawkish signals due to inflation running above target. The bank noted a modest improvement in Canadian economic activity and labor market data.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
Investing.com -- Bank of America expects the Bank of Canada to keep its interest rate unchanged at 2.25% at its July 15 meeting, though the bank warns of possible hawkish signals due to inflation running above target. The bank noted a modest improvement in Canadian economic activity and labor market data. Trade uncertainty is expected to continue affecting the economy. Market pricing reflects expectations for a pause in rate changes.
Read the full report at Investing.com · Economy ↗
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- What's the story?
- Investing.com -- Bank of America expects the Bank of Canada to keep its interest rate unchanged at 2.25% at its July 15 meeting, though the bank warns of possible hawkish signals due to inflation running above target. The bank noted a modest improvement in Canadian economic activity and labor market data.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 11m ago.
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Bank of America expects Bank of Canada to hold rates at 2.25%
Sources1TypeCoverageInvesting.com · Economy