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18 Apr 2013
Forex Flash: BoC unlikely to hike rates until H2 2014 - Nomura
FXstreet.com (Barcelona) - In view of Charles St-Arnaud, economist at Nomura, the recent Bank of Canada monetary policy decision is not dovish, arguing that "while growth has been revised lower for 2013, the BoC remains confident that the economy will pick up strongly in 2014."
Charles went on to add: "Interestingly, the BoC`s forecast for 2014 is much more optimistic than the IMF's one released yesterday (2.5% for 2014). We maintain our view that the risks to the BoC‟s forecast are on the downside and still think the BoC is unlikely to hike rates until the second half of 2014."
Charles went on to add: "Interestingly, the BoC`s forecast for 2014 is much more optimistic than the IMF's one released yesterday (2.5% for 2014). We maintain our view that the risks to the BoC‟s forecast are on the downside and still think the BoC is unlikely to hike rates until the second half of 2014."