BMO SAYS INTEREST RATE HIKE IS WELL OVERDUE!
Higher rates now appear to be all but inevitable considering current market conditions, according to a new analysis by BMO.
The main factor impelling possible rate hikes is sales activity, BMO said. October levels were 32% above the pre-pandemic run rate, and the dollar value of sales was 86% higher than its 2019 average.
The national benchmark price has also surged by 40% since then, BMO said.
Post a comment