By Reuters Staff
2 Min Read
OTTAWA, April 21 (Reuters) - The Bank of Canada sharply hiked its outlook for the Canadian economy on Wednesday and said it expected slack to be absorbed in the second half of 2022, suggesting rates could rise sooner than the previous forecast of sometime in 2023.
The central bank, in its spring Monetary Policy Report, also said the COVID-19 pandemic would be “less detrimental” than expected to the economy’s potential output. Last year it slashed its key rate to a record low 0.25%.
The bank now expects Canada’s economy will grow 6.5% in 2021, up from its January forecast of 4.0%, with real GDP growth of 3.7% in 2022, down from a previous forecast of 4.8%. It now sees U.S. economic growth this year at 7.0%, up from 5.0%.
カナダ、温室ガス削減目標引き上げ 初のグリーンボンド発行へ
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カナダ、外国コロナワクチンを初の国内生産へ 米ノババックスと合意
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