BoC Preview: Forecasts from eight major banks, enough evidence to pull the trigger on another 25 bps rate hike BOC InterestRate USDCAD Macroeconomics Banks
on Wednesday, July 12 at 14:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of eight major banks, regarding the upcoming announcement.is expected to hike rates by 25 basis points to 5.00%, contrary to its pause hints. Importantly, the decision will be published alongside a Monetary Policy Report, containing updated economic and inflation projections.
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