USD/CAD to tank towards 1.15 by end-2022 as it is time for BoC to hike – Standard Chartered USDCAD BOC Canada Banks
“We now expect BoC to raise its policy rate by 25bps to 0.5% amid soaring inflation readings and robust economic recovery. We expect the BoC to hike again in March and bring the end-2022 policy rate to 1.5% .”
“The hike is about 65% priced in, so markets could be modestly surprised. We doubt that the BoC will endorse the six hikes now priced in, but the CAD could strengthen a bit if the“A clear signal that balance sheet shrinkage is likely to start in H1 would add support for the CAD.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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