The overnight interest rate is widely expected to rise by another 50 bps on June 1 (to 1.5%), as the Bank of Canada continues its efforts to fight inflation. The hike will build on the BoC’s 50 bp increase in April and 25 bp rise in March—with more increases likely in the months ahead. Inflation […]
The post Forward Guidance: Bank of Canada to Hike Rates Again as Economy Runs Hot appeared first on Action Forex.
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