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BOC to maintain overnight rate at 5% next week, says Goldman Sachs and JP Morgan

BOC to maintain overnight rate at 5% next week, says Goldman Sachs and JP Morgan

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Justin Low
18/10/2023 | 06:00 GMT
  • Both firms see the BOC already at the terminal rate

Of note, JP Morgan had previously made the call for the BOC to raise the overnight rate one more time this month but has now revised that with the terminal rate seen as it is at 5%.

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