Choose your settings
Choose your language
Retail Rate Forecasts

How High Will the Bank of Canada’s Policy Rate Go?

July 6, 2022
Jimmy Jean, Vice-President, Chief Economist and Strategist
Lorenzo Tessier-Moreau, Principal Economist • Hendrix Vachon, Principal Economist

Summary of the publication

  • The global economy is reaching a turning point.
  • The Bank of Canada should raise its policy rate by 75 basis points in July.
  • The stock markets will likely suffer further setbacks.
  • The Loonie Is Expected to Depreciate Over the Next Few Quarters.

PDF Publication

See the full publication in PDF.