16 October
Bank of Canada can complete the interest-rate hiking cycle
Bank of Canada economists suppose that the interest-rate hiking cycle can be completed in the forthcoming months. Even if the Federal Reserve continues to increase borrowing costs, the situation won’t change.
A Bloomberg poll showed that Governor Tiff Macklem and his management team can decrease the rate to 100 bp lower than in the USA. More than half of the 16 people polled think the central bank won’t announce the break.
Head of macro strategy at Desjardins Capital Markets Royce Mendes expressed his opinion in an email. He admitted that the central bank will bother about the divergence from FRS only because of currency reaction. The exchange rate should already have included them, considering the existing discrepancies in market prices.
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