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Top related persons:
underscoring - 1 Sebastien Lavoie - 1 Lavoie - 1 Doug Porter - 1 Milounee Purohit - 1 Sarupya Ganguly - 1 Ross Finley - 1 Sharon Singleton - 1
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BENGALURU
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Bank of Canada - 1 BoC - 1 Laurentian Bank - 1 BMO Capital Markets - 1 Thomson - 1

Search resuls for: "Sebastien Lavoie"


2 mentions found


☆ BoC to raise rates once more by 25 bps in July to 5.00% - Reuters poll
  + stars: | 2023-06-13 | by ( Milounee Purohit | ) www.reuters.com   time to read: +3 min
BENGALURU, June 13 (Reuters) - The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled by Reuters, who unanimously said the main risk was the central bank might have to do more. The BoC will hike its overnight rate by 25 basis points to 5.00% at next month's meeting, according to 20 of 25 economists in a snap June 8-13 Reuters poll. "When you resume hiking, you don't resume for one 25 basis point hike. All but three of 25 economists forecast the overnight rate to peak at 5.00% or higher, 50 basis points more than was predicted in the last survey published on June 2. Only one of 25 economists expected a rate cut this year, compared with five in the last poll.
Persons: underscoring, Sebastien Lavoie, Lavoie, Doug Porter, Milounee Purohit, Sarupya Ganguly, Ross Finley, Sharon Singleton Organizations: Bank of Canada, Reuters, BoC, Laurentian Bank, BMO Capital Markets, Thomson Locations: BENGALURU
☆ BoC to keep up pace with 50 basis point December rate hike -economists
  + stars: | 2022-12-01 | by ( Indradip Ghosh | ) www.reuters.com   time to read: +4 min
Fourteen said the BoC would dial down its pace to 25 basis points. Of the large Canadian banks, Scotiabank, CIBC and National Bank expected a 50 basis point move with no further hikes afterward. RBC forecasts a 25 basis point hike and then a pause, while BMO expects 50 and then another 25 in early 2023. The Fed, by contrast, is expected to raise its federal funds rate to a minimum of 4.75%-5.00% early next year, with the risks around forecasts skewed toward a higher rate. "The latest BoC research on household vulnerability and flexible mortgage rates support the idea that the BoC terminal rate will end at least 50 basis points below the U.S. Federal Reserve," said Sebastien Lavoie, economist at Laurentian Bank.
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