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Forex Flash: BoC to justify tightening bias in the short term - Capital Economics

By FXstreet.com,  January 15, 2013, 08:58:00 PM EDT

FXstreet.com (Barcelona) - Capital Economics team expects the Bank of Canada "to continue justifying its tightening bias next week on the basis of high household debt" they say, however, before year end, the team sees the central bank no longer talking up the rate hikes story; "The weak global backdrop and potentially severe housing market correction underway will mean sub-par 1% economic growth this year and next, with inflation staying close to the lower bound of the Bank's target range" they add.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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