register | confirm account | forgot password
Gabriella Makar, MBA
RE/MAX Elite
14717 40 AV, Edmonton, Alberta
P: 780-819-7877
F: N/A
Email

Friday, May 27, 2011 - Are Interest Rates Set to Rise?

According to the OECD’s Global Economic Outlook released this week, the Bank of Canada should begin the process of tightening
monetary policy at its next meeting on May 31st, increasing rates by 25 basis points. This mirrors calls by the CD Howe’s non-partisan Monetary Policy Council who have also been calling on the BoC to embark further down the path of normalizing interest rates. In total, the Monetary Policy Council would like to see the key policy rate increased 125 basis points, to 2.5%, over the next 12 months.

Although there is still a lot of uncertainty about when and by how much the BoC is going to start raising interest rates, few expect the central bank to hike on May 31st. Currently, the market is predicting the central bank will start raising rates in September with a smaller probability at the July meeting.*

Courtesy of Dan Sumner, Economist, ATB Financial

posted in General at Fri, 27 May 2011 17:52:27 +0000



Data last Updated: 2020-10-16 at 22:32:32 GMT America/Edmonton
This site's content is the responsibility of Gabriella Makar, MBA, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2020, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker