BOC Preview: No change expected in the April statement - Citi

Analysts at Citigroup offer a brief preview on what to expect from today Bank of Canada’s (BOC) monetary policy announcement due at 1400 GMT.

Key Quotes: 

“We expect the state to be similar to March and to repeat that the BoC will be cautious in future policy adjustments, with higher rates warranted over time, while some level of continued accommodation is likely to be needed.

Nafta renegotiation seems to be on track for completion in early May, so this uncertainty should fade away.”