Bank of Canada preview: Scotiabank expects a 25 bp hike next week despite softer core CPI - investingLive
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Bank of Canada preview: Scotiabank expects a 25 bp hike next week despite softer core CPI investingLive
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4 itemsBank of Canada preview: Scotiabank expects a 25 bp hike next week despite softer core CPI
The desk believes that the Bank of Canada will implement a 25 basis point hike at its upcoming meeting, influenced by persistent inflationary pressures and geopolitical risks. Despite a recent easing in core CPI, Scotiabank emphasizes the potential for inflation to accelerate, particularly due to rising energy prices and supply chain disruptions stemming from the Iran conflict, as detailed in their recent commentary [source]. Markets are currently pricing in about 18 basis points of tightening, suggesting a modest expectation of a hike but leaving room for fluctuation in the Canadian dollar and front-end yields ahead of the decision.
Bank of Canada preview: 81% chance of first hike in a year to 2.50%, economists split
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