BoC: Inflation data seen as neutral – Danske Bank
WikiBit 2026-04-21 21:39
Danske Research Team notes that Canadian headline inflation rose to 2.4% year-on-year in March, slightly below expectations, while core measures stayed
Finance
BoC: Inflation data seen as neutral – Danske Bank
Danske Research Team notes that Canadian headline inflation rose to 2.4% year-on-year in March, slightly below expectations, while core measures stayed stable. Governor Macklem is not worried about a temporary rise in inflation expectations, and the bank expects next weeks Bank of Canada (BoC) meeting to deliver a rate hold, consistent with current market pricing.
Slight inflation rise unlikely to shift policy
“In Canada, March headline inflation rose to 2.4% y/y (prior: 1.8%), slightly below expectations.”
“The Bank of Canadas closely watched core measures remained stable, and Governor Macklem stated on Friday that the central bank is not concerned about a temporary rise in inflation expectations.”
“The print is likely to be neutral for next weeks Bank of Canada meeting, where we expect a rate hold in line with market pricing.”
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