Rabobank: Bank of Canada to Hold Rate at 2.25% at June Meeting
Rabobank analysts expect the Bank of Canada to maintain its policy rate at 2.25% at the June 10 meeting, citing the impact of external shocks.
Rabobank's Molly Schwartz and Christian Lawrence forecast that the Bank of Canada (BoC) will keep its policy rate unchanged at 2.25% during the June 10 meeting. The decision is driven by ongoing external shocks that continue to bite into the Canadian economy.
The analysts see the central bank holding steady through the near term as it assesses the impact of global headwinds. No further details on the duration of the hold were provided in the report.
Source: FXStreet Forex News