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BOC seen raising rates again in October

Reuters out with its latest poll on market expectations of the next policy move likely to be adopted by the Bank of Canada (BOC) in the coming months.

 

The BOC hiked rates by 25bps to 0.75% for the first time in seven years on Wednesday.

 

Key findings:

 

9 of Canada's 11 primary dealers forecast Bank of Canada interest rate hike in October, while 1 sees September hike

 

Bank of America Merrill Lynch expects the bank to hold off until January

 

Median forecast is for Canada interest rates at 1.0% at end 2017, 1.50% at end 2018

Check the website for more information: https://freshforex.com/analitics/news/all/finnews_1420103.html

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