Първоначално изпратено от PLP
Jul 04, 2007 12:49 PM
Canadian Press
OTTAWA – The Bank of Canada will raise interest rates by half of a percentage point by the end of the summer, causing the Canadian dollar to soar to new 30-year highs, the Bank of Montreal (TSX: BMO) predicts.
The forecast says that despite the May reprieve, core inflation in Canada will again pick up in June as industrial capacity pressures remain high and productivity is sluggish.
As a result, it predicts the central bank will raise its key lending rate by 25 basis points to 4.5 per cent next week and again on Sept. 5 to 4.75 per cent, before the rising Canadian dollar causes it to take a break from its tightening cycle.
While this will have the effect of lifting the Canadian loonie even higher, the Bank of Montreal says it is unlikely the currency will reach par with the U.S. dollar.
Canadian Press
OTTAWA – The Bank of Canada will raise interest rates by half of a percentage point by the end of the summer, causing the Canadian dollar to soar to new 30-year highs, the Bank of Montreal (TSX: BMO) predicts.
The forecast says that despite the May reprieve, core inflation in Canada will again pick up in June as industrial capacity pressures remain high and productivity is sluggish.
As a result, it predicts the central bank will raise its key lending rate by 25 basis points to 4.5 per cent next week and again on Sept. 5 to 4.75 per cent, before the rising Canadian dollar causes it to take a break from its tightening cycle.
While this will have the effect of lifting the Canadian loonie even higher, the Bank of Montreal says it is unlikely the currency will reach par with the U.S. dollar.
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