3 ms·
> They say this in the linked press release, though: "Given the outlook for inflation, the Governing Council still judges that the policy interest rate will ne
by chollida1 4y ago
>
They say this in the linked press release, though: "Given the outlook for inflation, the Governing Council still judges that the policy interest rate will need to rise further."
Well I was just talking about this year so its entirely possible(and I'd say probable) they hike next year
> I guess we'll see what happens by the end of October.
Probably not, the BOC doesn't meet again till December so I'm not sure what we'd see at the end of October.
- throw0101c 4y agoOctober 26 and December 7: * https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#schedule https://www.bankofcanada.ca/core-functions/monetary-policy/k...
- rinze 4y ago> Probably not, the BOC doesn't meet again till December so I'm not sure what we'd see at the end of October. From the linked press release: "The next scheduled date for announcing the overnight rate target is October 26, 2022."
- chollida1 4y agoOh, shoot, you are indeed correct and I am wrong on this :( I misread the dot plot. Thanks for correcting me, so we could indeed see a hike in October, though the current plot suggests a max of 25bps for the end of the year.