Will the BOC hike policy rates'more forcefully'?

“We expect the BoC to act ‘more forcefully’ and hike the policy rate by 75 bps to 2.25%. Beyond this week, we expect another 75 bps hike in September, 50 bps hikes in October and December, and a 4.25% terminal rate reached in Q1 2023.

Is the BOC set to deliver another 50-basis point hike?

The BoC is set to deliver another 50-basis point hike raising the Overnight Rate to 1.50% with a hawkish policy statement. “We look for the BoC to deliver another 50 bp hike in June to bring the overnight rate to 1.50%.

What is the bank of Canada's rate hike?

The Bank of Canada (BoC) is on track to deliver another 75 basis points (bps) hike, raising its policy rate from 3.25% to 4.00%. The bank’s Monetary Policy Report (MPR) will be published parallelly at the time of the interest rate decision.

Will a 75 BPS hike slow down the BOC?

“We expect the BoC to deliver a 75 bps hike to 3.25%. We think the BoC will slow down the pace of its hikes beyond September, only taking the policy rate to 3.75% by the end of Q4-2022, although we see the risks as remaining tilted to a higher peak.