Royal Bank of Canada: Canadian interest rates will

Ai Huicha, September 7: The Royal Bank of Canada pointed out that the current interest rate level is considered restrictive by the Bank of Canada. Enough to put downward pressure on economic growth and inflation over time. In fact, the impact of the rate hike is still building. Royal Bank of Canada believes that the Bank of Canada is still highly dependent on data, and if necessary, will not hesitate to raise interest rates to bring inflation back to the 2% target level. But the bank predicts that recent weak economic data from Canada will persist and expects overnight rates to remain at current levels through the end of the year.