Canada: Upside surprise in inflation is likely to bring another non-standard 50bp hike – CIBC By MSalordFX Canada Banks Inflation
ise in inflation will likely be followed by another 50 bp rate hike from the Bank of Canada at the next“Inflation surged beyond everyone's expectations in March, including crucially the Bank of Canada's recent Monetary Policy Report estimates. The 1.4% increase on the month, and annual rate of 6.7%, were well in advance of the consensus forecast , and meant the average for Q1 was two ticks higher than the Bank's MPR projections.
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