BOC to focus on economic outlook – NAB

Analysts at National Australia Bank (NAB) offer a sneak peek at what to expect from the Bank of Canada (BOC) April monetary policy decision due to be announced later today at 1400 GMT.

Key Quotes:

“Rates very likely on hold.

Focus therefore will turn to the outlook with weakness in the household sector under close watch.

Markets price around a 10% chance of a rate cut by the end of the year.”