Retail Rate Forecasts

Early Signs That Rate Hikes Are Moderating, but the Fight against Inflation Isn’t Over

November 15, 2022

Jimmy Jean, Vice-President, Chief Economist and Strategist
Lorenzo Tessier-Moreau, Principal Economist • Hendrix Vachon, Principal Economist

High interest rates could drag the world economy into recession.
The Bank of Canada indicated for the first time that it may moderate its rate hikes.
It’s too early for a lasting rebound in the Canadian dollar.
Equity markets are recovering and back in the black—for now.

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Early Signs That Rate Hikes Are Moderating, but the Fight against Inflation Isn’t Over (PDF, 1.83 MB)

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