The Bank of Canada will share how it’s thinking about price pressures from the Iran war on Wednesday when it publishes a new monetary policy report and makes its next interest rate decision.
The central bank has held its benchmark rate steady at 2.25 percent in three consecutive decisions. Most economists aren’t expecting monetary policy-makers will break that streak this week.
Financial market odds for another rate hold on Wednesday stood at over 93 percent as of Friday, according to LSEG Data & Analytics.
RBC assistant chief economist Nathan Janzen said he’s expecting an interest rate hold from the Bank of Canada this week as monetary policy-makers keep a close eye on the impact of higher energy prices on inflation….