BoC Preview: Forecasts from eight major banks, staying on the sidelines

BoC Preview: Forecasts from eight major banks, staying on the sidelines BOC InterestRate USDCAD Macroeconomics Banks

ere are the expectations as forecast by the economists and researchers of eight major banks, regarding the upcoming announcement.

The BoC is likely to leave the overnight target rate unchanged at 4.50% for the second straight meeting in April. The BoC’s updated projections and Macklem’s words are set to offer fresh cues on policy path.unchanged having signalled that rates are already likely at the peak. The downside risks for global growth in the wake of recent banking turmoil only make it more likely that the next move from the central bank will be an interest rate cut.

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