Rates Scenario – Canada, U.S. and Overseas Outlook (Dec.)
Keywords: interest rates
It looks like economic growth for 2022 was not as bad as everyone feared. The bad news is recession calls are getting pushed into late 2022 and 2023. This uncertainty is making central bankers' jobs that much more difficult as they continue to tighten in efforts to battle inflation rates that are far, far from target. But the year is ending with a notable twist as policymakers are all over the map, with some super hawkish and others less so.
Jennifer Lee, BMO Senior Economist and Managing Director Economics, contributed to this article.