Bank of Canada meet this week - preview
The Bank of Canada meet on Wednesday 25 October 2017 (decision announced 1400 GMT)
Here are some really quick thoughts from CitiFX (note date October 19):
- Market pricing for a rate hike has declined measurably
- While the Bank of Canada's outlook survey dipped through Q3, much of the upswing post oil shock has held
- Diving deeper into the data, indicators of slack and future output prices have been resilient
- Given the lag inflation has had with such measures, the BoC should maintain some confidence in CPI trending higher, keeping future hikes alive.
(bolding is Citi's, not mine!)