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What's priced in for the BOC rate decision

The next big central bank decision is from the Bank of Canada at 10 am ET on Wednesday. The economist consensus is for a 50 bps hike but the market is putting just a 27% likelihood on that with the remainder at 25 bps. That will put the BOC at 4.00% or 4.25%, with the latter seen as the top for now.

“The announcement feels exceptionally uncertain, a fitting end to a year that has been full of surprises,” Andrew Kelvin, TD chief Canada strategist, wrote in a note.

CIBC argues that... Read More

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Posted: Dec 6 2022, 20:29

Author Name: forexlive

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