Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - *Updated* Ongoing Bank of Canada Benchmark Rate Announcements

Leondros · 10-26-2022, 08:35 AM

I think they do 1 more small hike this year and then look at the data going into 2023 with chance we see some 25 bps hikes or a continued hawkish tone threatening hikes. A lot of the BoC's job to adjust sentiment. If you can do that through fear of hikes rather than actual hikes that is deal - ie. change consumer spending habits without needing to do actual hikes at this point.

As for my sense on the recession, it will be inevitable - its likely we are already in one. 2023 is going to be a really tough year for folks.

10-26-2022, 08:35 AM	#611
Leondros Powerplay Quarterback Join Date: Mar 2011 Exp:	I think they do 1 more small hike this year and then look at the data going into 2023 with chance we see some 25 bps hikes or a continued hawkish tone threatening hikes. A lot of the BoC's job to adjust sentiment. If you can do that through fear of hikes rather than actual hikes that is deal - ie. change consumer spending habits without needing to do actual hikes at this point. As for my sense on the recession, it will be inevitable - its likely we are already in one. 2023 is going to be a really tough year for folks.