Quotes from BofA Merrill Lynch Global Research:
- The persistence of disinflationary pressure in recent months will continue to weigh on CAD as the Bank of Canada (BoC) has recently elevated its focus on combatting below target inflation over housing sector risks.
- In addition to risks from disinflation, balance of payments deterioration and competitiveness issues also suggest further CAD weakness going forward.
- We raised our year-end 2014 forecast from 1.08 to 1.17, and our year-end 2015 forecast to 1.14 from 1.08.
Published: 2014-02-05 17:32:00 UTC+00
Disinflationary Pressure in Recent Months Will Continue to Weigh on Cad
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