BoC: Poloz follows through - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TDS, the Bank of Canada followed through on a widely expected 25 bp hike while the statement portrayed an upbeat tone, emphasizing the economic rotation into exports and business investment and repeating that higher rates will be warranted to keep inflation in check.

Key Quotes

“With the Bank still on a highly data-dependent path, growth running above their projections in October will keep another 2018 rate hike in play. But as things stand today, the 2.8% predicted growth for 2018Q2 looks a touch optimistic, and if the economy can't clear that hurdle the most likely course for the Bank is still to stay at 1.50% into early 2019.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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