PrintSocGen Asks If Tuesday's Canada CPI Can Inflict Pain on Global Bonds
BY MT Newswires | ECONOMIC | 08/19/25 07:51 AM EDT07:51 AM EDT, 08/19/2025 (MT Newswires) -- Societe Generale asked if Canadian consumer price index data can inflict more pain on global bonds on Tuesday.
Canada will release July's CPI at 8:30 a.m. ET on Tuesday.
The consensus for core (trimmed mean) is for a rise to 3.1% year over year from 3.0%, said the bank.
The re-acceleration would raise questions over further policy easing by the Bank of Canada and more broadly reinforce perceptions over the stickiness of inflation and challenges facing central banks in offsetting the negative impact of tariffs on growth, stated SocGen.
The minutes of the last BoC meeting indicated that further easing isn't ruled out, depending on incoming data.
In the July Monetary Policy Report, the central bank lowered its estimate of headline inflation for this year by 0.4pp to 1.9% for next year by 0.1pp to 2.0%.
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