Bank of Canada: Pre-emptive hiking path – Standard Chartered

Standard Chartered economist Dan Pan analyzes the Bank of Canada’s 25bps rate hike to 2.5%, which came despite subdued core inflation and soft growth. The bank now expects another 25bps increase in December, taking the year-end rate to 2.75%, and sees the BoC pausing in 2027, with scope for further hikes if growth momentum is confirmed.