Bank of America: Bank of Canada Is Expected to Hold Rates Steady This Year Even if the Federal Reserve Raises Rates

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格隆汇2026/07/01 13:00

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July 1, Gelonghui - The Governor of the Bank of Canada, Macklem, finds himself in a situation different from his global central banking peers. Canada's core inflation is close to 2%, and energy-rich regions in Canada have reaped short-term gains from the surge in oil prices. The economy does not appear to be at risk of overheating. After a slight contraction in the first quarter, the annualized growth rate in the second quarter is expected to exceed 2%. Traders have gradually withdrawn their previous bets on the Bank of Canada raising interest rates by the end of this year. Bank of America expects the Bank of Canada to keep interest rates unchanged until 2027, even if the Federal Reserve resumes rate hikes.

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Bank of America: Bank of Canada Is Expected to Hold Rates Steady This Year Even if the Federal Reserve Raises Rates

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