Bank of Canada to hold interest rates this year, show patience with energy inflation: poll

A Reuters poll shows a majority of economists expect the Bank of Canada to keep its overnight rate unchanged next week and through year-end. The outlook was largely unchanged despite the U.S.-Israeli war with Iran, indicating no immediate shift in rate expectations from geopolitical risk. The article is a policy preview and should primarily matter for Canadian rates and FX markets.

Analysis

A Reuters poll shows a majority of economists expect the Bank of Canada to keep its overnight rate unchanged next week and through year-end. The outlook was largely unchanged despite the U.S.-Israeli war with Iran, indicating no immediate shift in rate expectations from geopolitical risk. The article is a policy preview and should primarily matter for Canadian rates and FX markets.