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Bank Of Canada Holds Policy Steady; Signals October Hike

Bank Of Canada Holds Policy Steady; Signals October Hike

4 Months ago | September 09, 2018 00:00:00


Bank Of Canada Leaves Key Target Rate Steady At 1.50% On Wednesday, as expected, the Bank of Canada left policy unchanged. There was a slightly dovish tone to the latest policy statement, but the central bank said that recent data reinforces the view that higher rates will be warranted. We recently saw Governor Polotz at the Jackson Hole conference interviewed on television seeming to imply that the Bank of Canada was comfortable following the lead of the Fed. Markets have already priced in a 25bp Fed rate hike this month (September 26) with near certain odds. At the time of the interview, markets were still digesting the July Canadian inflation data

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