Central Banks
Citi’s Clark Says Inflation Cements Her Outlier Call for June Rate Hike in Canada
- She’s only one in Bloomberg survey expecting move next month
- Central bank has held rates steady for two straight meetings
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The only economist in a Bloomberg survey who’s forecasting an interest-rate hike at the Bank of Canada’s next meeting is confident the latest inflation data prove she’s right.
Even before Tuesday’s unexpected acceleration in headline inflation, Citigroup Inc.’s Veronica Clark had been predicting the central bank would raise borrowing costs by 25 basis points on June 7. Tuesday’s consumer price figures have cemented her call — and she’s surprised other economists have yet to change their forecasts.