BOC's Schembri: Rates are below neutral because of NAFTA uncertainty
More from Schembri
- NAFTA uncertainty is weighing on business investment
- Not enough evidence to shift neutral rate
Earlier, Schembri struck a dovish tone in saying that the economy has added capacity, which will let it run before stoking inflation. He's the last scheduled speaker before the BOC meeting at the end of the month but the CPI and retail sales reports are due on Friday. They will shift the 38% chance of a hike currently priced in.