Hawkish BOC Ends QE. May Hike Interest Rate in 2Q22 the Earliest

<p>The BOC surprised to the hawkish side at the October meeting. Policymakers announced to end the QE program and begin the reinvestment process, compared with consensus of a reduction to the weekly purchase of CAD1B. While leaving the overnight rate unchanged at the effective lower bound of 0.25%, the timing for the first rate hike [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/central-bank-analysis/411557-hawkish-boc-ends-qe-may-hike-interest-rate-in-2q22-the-earliest/">Hawkish BOC Ends QE. May Hike Interest Rate in 2Q22 the Earliest</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>