Amid a split economist panel, with roughly half expecting a 25bps rate hike from the BOC and the other half looking for 50bps, moments ago the Bank of Canada announced a 50bps hike, its sixth consecutive outsized increase to interest rates, but in a dovish pivot suggested that rates may not need to rise further and as Bloomberg notes, the statement-only decision opens to the door to a pause in the rate hiking cycle. https://www.zerohedge.com/markets/another-pivot-bank-canada-hikes-50bps-it-signals-potential-pause-inflation-peaking