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Essentials of Monetary Policy

Bank of Canada (BoC). Rate Hikes Very Likely as Early as March

January 26, 2022
Benoit P. Durocher
Principal Economist

As we expected, the BoC has opted to stick with the status quo on its monetary policy for now. Still, both the BoC’s statement and its Monetary Policy Report have cleared the way for key rate hikes to begin as early as the next meeting in March.