The Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday, a move that had been expected by most analysts, with a minority calling for a larger 75 bps hike.
According to the BoC's latest statement on monetary policy, the bank is prepared to "act more forcefully if needed" to achieve its 2.0% inflation target, in light of the risk of elevated inflation becoming more entrenched having risen. Moreover, the BoC said that inflation will likely move even higher in the near term before beginning to ease. The bank said it continues to judge that interest rates will need to rise further.
Regarding the economy, the BoC said that Canadian economic activity is strong and the economy is clearly operating in excess demand. Q2 growth is expected to be solid given robust consumer spending, as well as given expectations of strengthening exports. Moreover, activity in the Canadian housing market is moderating from exceptionally high levels.
The BoC said it plans to continue its policy of quantitative tightening and said that the Ukraine war has increased uncertainty and is putting further upwards pressure on prices for energy and agricultural commodities.
The loonie saw some kneejerk weakness given the fact that money markets had been pricing in some probability of a more hawkish 75 bps rate hike. USD/CAD was last trading in the 1.2640s, about 20 pips higher versus pre-BoC announcement levels, though still flat on the day.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.