RBC Sees Bank of Canada Raising Rates Earlier Than Current Guidance
Canada’s largest bank believes higher rates are a lot closer than most are hoping for. RBC senior economist Josh Nye is forecasting the Bank of Canada (BoC) will hike rates sooner than expected. The forecast is based on higher inflation and a recovery ahead of schedule. The economist is watching for a gradual reduction in QE, which may start as early as next month.
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Article Written By: Daniel Wong
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