Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll
www.reuters.comThe Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
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I don’t understand the goal or value of these polls/articles. It seems like they are wrong half the time. The last one was wrong: https://www.reuters.com/markets/rates-bonds/boc-hold-rates-this-year-high-risk-least-one-more-hike-2023-06-02/
If someone can explain, that would be nice!