BofA provides economic forecasts on BoC policy regarding persistent core inflation and a strong labor market.
2 reports, 2 independent
Updated Jun 6
Gone quiet
- Reports
- 2
- Developments
- 3
- Repetition
- 0%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
BofA provides economic forecasts on BoC policy regarding persistent core inflation and a strong labor market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- BoC statement contained more hawkish language and increased upside risks to inflation.Sub-event
Oil price spikes are pushing Canadian inflation above the 2% target.1 source
BofA economic forecasts on BoC policy regarding core inflation and labor market.1 source
Keep exploring
The entities involved
-
Bank of America
American multinational banking and financial services corporation
-
Bank of Canada
central bank of Canada
Related events
- The Bank of Canada is facing challenges stemming from the current weakness in the overall Canadian economy.
- The Bank of Canada is managing monetary policy amid risks of energy price spillover from Middle East conflict near Hormuz.
- The Bank of Canada monitors inflation targets while the Bank of Montreal provides expert commentary on national housing market trends across major Canadian cities.
- New 50% tariffs on Canadian goods were announced, pressuring market expectations regarding Bank of Canada policy.
- Fed focus on inflation and BoC signaling rate hikes influence global market sentiment and investment flows.
Coverage
Newest first; wire copies grouped- actionforex.com
- Investing.comBoC likely to hold again at 2.75% as inflation persists, BofA says Investing.com -- Bank of America (NYSE:BAC) expects the Bank of Canada to hold its key policy rate at 2.75% on July 30, pointing to