{"id":71445,"date":"2022-09-02T19:59:59","date_gmt":"2022-09-02T15:59:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71445"},"modified":"2022-09-02T20:00:01","modified_gmt":"2022-09-02T16:00:01","slug":"bank-of-canada-could-bring-rates-into-restrictive-territory","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-canada-could-bring-rates-into-restrictive-territory\/09\/02\/market-updates\/","title":{"rendered":"Bank of Canada could bring rates into restrictive territory"},"content":{"rendered":"\n<p>The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. <br><br>Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI running above target and the economy in excess demand.<br><br>The BoC&#8217;s messaging will be the larger source of uncertainty; we expect the Bank to emphasize that rates are now restrictive and signal that future hikes will be more modest in size.<br><br>The economic situation clearly calls for restrictive policy rates, and we see a clear path for the BoC to hike by 75bps in September. Economists expect the pace of tightening to slow in October however, which may imply some moderation in the Bank&#8217;s forward-looking language in the September communique. The USDCAD has started to run ahead of the global drivers tracked for the pair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI running above target and the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":42727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6932,8143],"class_list":["post-71445","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71445"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71445\/revisions"}],"predecessor-version":[{"id":71451,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71445\/revisions\/71451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/42727"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}