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We nonetheless count on BoC to hike within the first quarter – ING

“Wage progress failed to choose up in December, which coupled with different world danger components, means the Financial institution of Canada is prone to aspect with warning and push again the following price hike till March,” argue ING analysts.

Key quotes

“A price hike later within the first quarter (in March) nonetheless may very well be on the playing cards, until the danger surroundings worsens additional. This is able to permit policymakers a bit extra time to judge the affect of decrease vitality costs on progress, in addition to whether or not enterprise funding and wage progress have begun to carry out extra strongly.”

“Both manner, with core inflation measures nonetheless sitting across the 2% goal and unemployment at a 40-year low, we nonetheless count on to see no less than two additional Financial institution of Canada price hikes this yr.”

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