BoC Preview: Forecasts from six major banks, rates unchanged but hawkish bias
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The Bank of Canada (BoC) is set to announce its Interest Rate Decision on Wednesday, May 7 at 14:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of six major banks, regarding the upcoming announcement.
BoC is expected to keep interest rates steady at 4.5% but may show readiness for further rate hikes if needed. Updated macro forecasts will not be released until the July meeting.
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