Canadian swap market prices ~75% chance of BOC rate hike this year, up from 64%
Following the Bank of Canada's rate hold announcement, the Canadian swap market priced in roughly a 75% chance of a BOC rate hike this year, up from 64% before the policy announcement. The Bank's statement noted rising inflation risk, which markets appear to be interpreting as increasing the likelihood of a hike before year-end.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@blckchaindaily
🚨 CANADIAN SWAP MARKET PRICES IN ROUGHLY 75% CHANCE OF BOC RATE HIKE THIS YEAR, UP FROM 64% BEFORE POLICY ANNOUNCEMENT
@KirkLubimov
Bank of Canada holds rates at 2.25% as expected. > Canadian economy is showing broad strength but some of the recent growth was based on temporary factors. > Rebound in housing activity. > Demand for labour remain subdued. > Risk of inflation is increasing. > Higher energy https://t.co/VzBsoR5H6t