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The Fonz · 12-01-2022, 02:46 PM

https://www.reuters.com/markets/rate...ts-2022-12-01/
BoC to keep up pace with 50 basis point December rate hike -economists

"Just over half, 16 of 30, of the economists polled over the last few days expected a half-point rise on Dec. 7 to 4.25%, matching a move in October and in line with current expectations for the U.S. Federal Reserve's December meeting.

Fourteen said the BoC would dial down its pace to 25 basis points. Markets are pricing in an over 80% chance of 25, which would be a third straight reduction in rate hike size by policymakers from a peak of 100 in July.

Of the large Canadian banks, Scotiabank, CIBC and National Bank expected a 50 basis point move with no further hikes afterward. RBC forecasts a 25 basis point hike and then a pause, while BMO expects 50 and then another 25 in early 2023."

12-01-2022, 02:46 PM	#654
The Fonz Our Jessica Fletcher Join Date: Dec 2004 Exp:	https://www.reuters.com/markets/rate...ts-2022-12-01/ BoC to keep up pace with 50 basis point December rate hike -economists "Just over half, 16 of 30, of the economists polled over the last few days expected a half-point rise on Dec. 7 to 4.25%, matching a move in October and in line with current expectations for the U.S. Federal Reserve's December meeting. Fourteen said the BoC would dial down its pace to 25 basis points. Markets are pricing in an over 80% chance of 25, which would be a third straight reduction in rate hike size by policymakers from a peak of 100 in July. Of the large Canadian banks, Scotiabank, CIBC and National Bank expected a 50 basis point move with no further hikes afterward. RBC forecasts a 25 basis point hike and then a pause, while BMO expects 50 and then another 25 in early 2023."