BoC: Expect no change to the 0.50% policy rate - Rabobank

Stefan Koopman, Market Economist at Rabobank, suggests that the Bank of Canada will announce at 16:00 PM CET what it has decided on monetary policy.

Key Quotes

“As domestic dynamics have improved we expect no change to the 0.50% policy rate. In fact, we don’t expect any action over the course of 2017 either, but reckon that the next move from the BoC is more likely to be a hike than a cut. For this meeting, there’s hardly anything priced in on the front end of the curve as well – suggesting that the Fed’s policy rate will soon exceed the BoC’s for the first time since 2007.”