In recent interviews with the Financial Post and CBC Calgary’s the Eyeopener, Chief Economist Charles St-Arnaud spoke to the Bank of Canada rate hike announcement, noting that this will be the last hike expected for some time.

The key message in today’s decision is that the central bank expects interest rates to remain on hold for some time. However, it clearly states that it remains ready to hike again, if inflation does not ease as expected, continuing to show a strong commitment to restoring price stability. This suggests the BoC could hike later this year if underlying inflationary pressures prove stickier. However, we note that, at this point, the likelihood of further rate hikes is low.

To read the articles, click on the links above!

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