Bank of Canada survey suggests Macklem could struggle to convince investors he intends to leave interest rates at current levels. Read more.
By convention, the market consensus is the median estimate of analyst forecasts. At the end of 2022, the median estimate of 28 of the 30 financial institutions in the survey has the benchmark unchanged at 4.5 per cent through July, and then breaking to four per cent by the end of the year.
on the economy in January. The median estimate of market participants was that gross domestic product would decline 0.4 per cent in 2023, while the central bank sees growth of one per cent this year.Article content
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