Reuters published the result of its poll on the Bank of Canada overnight, this is a bit of catch up ICYMI.
Main points:
- +75 basis points this month (say 27 or the 29 analysts surveyed) ... to 2.25%
- +50 in September (majority of the 29) ... to 2.75%
More:
- neutral range - where the economy is neither stimulated nor restricted by policy - estimated at 2-3% by economists in the poll
- Most respondents said the BoC will dial down the size of its hikes to 25 basis point increments or lower in October and December, taking the rate to 3.25% by year-end
Reuters piece is here if you'd like more.
