BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll

A sign is pictured outside the Bank of Canada building in OttawaBENGALURU - The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive tightening campaign, according to a Reuters poll of economists, with risks skewed toward a higher peak.

A strong majority of 90% of economists, 26 of 29, expected a quarter-point rise on Jan. 25 to 4.50%, according to a Jan. 17-20 Reuters poll, in line with interest rate futures. The other three expected no change. "Rather than raise interest rates much further, the bigger risk to our policy rate forecasts is that the Bank will probably keep rates high for longer than we currently assume."

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BoC expected to deliver eighth consecutive rate hike, but it's probably the last oneEconomists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Crooks 😂🤣😂🤣CTV is a Government Shill an has no credibility! We know this is not true, inflation target at 2% and we are north of 6%, food inflation at 11.8%, we will be forced to match US fed as our dollar crashes further But you go collect your check from Katie Telford. Defund CTV
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