BoC get on with in, but now watching more carefully; implications for RBA

The Bank of Canada hiked rates today to 1.0%, delivering back-to-back 25bp hikes on 12 July and now 6 Sep.  Quite remarkable in light of the glacial pace of hikes in the US and cautious tone in policy around the world. They are removing considerable policy accommodation.  Rates were very low, and today reverses the […]