Breaking: BOC hikes policy rate by 100 bps to 2.5%
13.07.2022, 14:01

Breaking: BOC hikes policy rate by 100 bps to 2.5%

The Bank of Canada (BOC) hiked its policy rate by 100 basis points (bps) to 2.5% in July, compared to the market expectation for a rate increase of 75 bps. 

In its policy statement, the BOC acknowledged that it has underestimated inflation since the spring of last year mainly because of global factors.

Market reaction

The USD/CAD pair fell sharply with the initial reaction and was last seen losing 0.4% on a daily basis at 1.2970.

Key takeaways as summarized by Reuters

"Higher commodity prices, increased supply shortages and rising shipping costs explain about two-thirds of missed inflation."

"About a quarter of the inflation forecast miss came from underestimating domestic factors, mostly housing costs."

"In past, the strong correlation between higher oil prices and an appreciation of the dollar helped offset energy impact on inflation, but recently correlation is not holding."

"Wanted to 'front-load' path to higher interest rates amid excess demand and high, broadening and persistent inflation."

"Inflation is higher and more persistent than had been expected in April forecasts and will likely remain around 8% in the next few months."

"Interest rates will need to rise further and the pace will be guided by the bank's assessment of the economy and inflation."

"Quantitative tightening continues and is complementing interest rate increases."

"Governing council is resolute in commitment to price stability and will continue to take action to achieve the 2% inflation target."

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik