Tuesday, July 10, 2007

Canada Rates Up to 4.5%

From BoC, courtesy of Dow Jones Newswires:

13:00 GMT BOC:C$ Has Risen Sharply, CPI Higher, Longer Term Rates Up
13:00 GMT BOC:Econ Now Oper Further Above Potential Than Seen In Apr
13:00 GMT BOC:Risks In New Projections Appear "Roughly Balanced"
13:00 GMT BOC:New Projections Based On C$ In 93-95.5 U.S. Cent Range
13:00 GMT BOC Forecasts Econ Growth Of 2.5% In 2007, 2008, 2009
13:00 GMT BOC Now Sees Core,Total CPI Return To 2% Tgt By Early 2009
13:00 GMT BOC: Some Modest Further Rate Increase May Be Required
13:00 GMT Bank Of Canada Overnight Rate Tgt: Up 25 Bps To 4.50%