Ed Devlin, founder of Devlin Capital, senior fellow at C.D. Howe Institute and former head of Canadian Portfolio Management at PIMCO, joins BNN Bloomberg for his outlook on the BoC upcoming rate announcement. Devlin warns the BoC could make a policy mistake similar to the one committed by the European Central Bank in 2008 if it continues hiking rates.
BoC could make same mistake as ECB did in 2008 if it hikes rates today: Ed Devlin
June 8, 2023