Bank of Canada meet this week – preview

Bank of Canada meet this week – preview

The Bank of Canada meet on Wednesday 23 October 2017 (decision announced 1400 GMT)

Here are some really quick thoughts from CitiFX (note date October 19):

  • Market pricing for a rate hike has declined measurably
  • While the Bank of Canada's outlook survey dipped through Q3, much of the upswing post oil shock has held
  • Diving deeper into the data, indicators of slack and future output prices have been resilient
  • Given the lag inflation has had with such measures, the BoC should maintain some confidence in CPI trending higher, keeping future hikes alive.

(bolding is Citi's, not mine!)

Original Article