Central Banks
Bank of Canada Nears the End of Its Interest-Rate Hiking Cycle
- Economists, markets split on magnitude of Macklem’s next move
- Inflation still high but economic momentum is slowing sharply
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The Bank of Canada is set to deliver a seventh consecutive increase to borrowing costs as officials begin winding down their forceful rate-hiking cycle.
Economists are split on the size of the change at Wednesday’s meeting, with a slim majority forecasting a 50-basis-point increase, according to a Bloomberg survey.