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

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

While markets expect the central bank to lift its overnight rate in ‌the fourth quarter, economists say a hike would only be needed if the surge in energy prices leads to sustained higher inflation

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

By Nushaiba Iqbal April 24 (Reuters) – The Bank of Canada will hold its overnight rate steady next week and through the rest of the year, according to a majority of economists polled by Reuters, most of whom stuck to the same outlook they had before the U.S.-Israeli war with Iran. While financial markets ​expect the central bank to lift its overnight rate in the fourth quarter, economists say a hike ‌would only be needed if the surge in energy p…