Bank of Canada Signaling Three Hikes in 2022: RBC's Nye

The transcript discusses the Bank of Canada's revised economic outlook, highlighting the earlier absorption of economic slack and potential interest rate hikes. It addresses the impact of the COVID-19 pandemic and inflation on the economy, noting unexpected inflation trends. The conversation also covers market expectations for interest rate increases and the end of quantitative easing.

What does the term 'hawkish' refer to in the context of the Bank of Canada's recent decisions?

What challenges does the Bank of Canada face in balancing economic recovery and inflation?

How has the Bank of Canada's inflation forecast changed since 2020?