The current BOC Interest Rate is equal 5%. BOC Interest Rate forecast for August 2023. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.50%, but it is most likely that the rate will be 5.25%, with a change of +0.25 points. BOC rate prediction for September 2023. Starting at 5.25%.
What is the BOC interest rate forecast for May 2024?
BOC rate prediction for May 2024. Starting at 5.50%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.50%, but it is most likely that the rate will be 5.00%, with a change of -0.50 points. BOC Interest Rate forecast for June 2024. Starting at 5.00%.
What will the BOC do after a 25bp rate hike?
Following the start of its rate hiking cycle with a 25bp hike in March, we now expect the BoC tospeed up the pace that it raises rates with a 50bp increase in the policy rate to 1.0%. We also expects this to come alongside an announcement that the BoC will begin to run down its balance sheet.
Will the BOC hold the key rate at its current level?
This decision came in line with the market expectation. In its policy statement, the BoC reiterated that it expects to hold the key rate at its current level, conditional on the economy developing broadly in line with its forecasts.
