Most economists see the BoC keeping rates unchanged for the next 12 months: poll

A Reuters poll indicates the Bank of Canada will keep the overnight rate unchanged at 2.25% on July 15 and maintain it well into next year. The rationale is that price pressures are largely contained while the economy recovers gradually. This is likely to be a moderate, rate-path-relevant read-through for CAD and Canadian money-market expectations.

Analysis

A Reuters poll indicates the Bank of Canada will keep the overnight rate unchanged at 2.25% on July 15 and maintain it well into next year. The rationale is that price pressures are largely contained while the economy recovers gradually. This is likely to be a moderate, rate-path-relevant read-through for CAD and Canadian money-market expectations.