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Financial markets would be absolutely destroyed by 6% overnight interest rates in 2023: Andrew McCreath

  • 📰 ctvottawa
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Andrew McCreath, CEO of Forge First Asset Management and Earl Davis, head of fixed income and money markets at BMO Global Asset Management, join BNN Bloomberg for their reaction to the Bank of Canada's latest hike of 50bps. Davis debates with McCreath if increasing rates by 200bps next year would not crush financial markets as McCreath believes. Davis says that the BoC has to get interest rates above inflation and that there will be winners and losers.

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We still see Canadian interest rates at 6% by the end of 2023: Earl DavisEarl Davis, head of fixed income and money markets at BMO Global Asset Management and Andrew McCreath, CEO of Forge First Asset Management, join BNN Bloomberg for their expectations for the Bank of Canada fiscal tightening path in 2023, after it just hiked rates by 50bps. McCreath says that Davis' prediction of 6 per cent interest rates in 2023 would absolutely destroy financial markets. The liberals government plans to destroy Canada
Source: ctvottawa - 🏆 29. / 67 Read more »