BoC Preview: Forecasts from seven major banks, no incentive to drop threat of hikes
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The Bank of Canada makes its first policy announcement of 2024 on Wednesday, January 24 at 14:45 and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of seven major banks regarding the upcoming Interest Rate Decision. We will also get a Monetary Policy Report, which means fresh forecasts.
The BoC is widely expected to leave the overnight rate at 5.00%. Investors will keep a close eye on the press conference to follow.
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