WTI:更高路径推动加拿大央行通胀预期 – 道明证券
道明证券(TD Securities)策略师预计加拿大央行(BoC)4月份的货币政策报告(MPR)将纳入显著更高的油价假设,布伦特油价为90美元,西德克萨斯中质油(WTI)为85美元,而此前WTI的基准价为55美元。

道明证券(TD Securities)策略师预计加拿大央行(BoC)4月货币政策报告(MPR)将纳入显著更高的油价假设,布伦特原油价格为90美元,西德克萨斯中质油(WTI)为85美元,而此前WTI基准价为55美元。他们认为这将推动2026年第二季度总体消费者物价指数(CPI)短暂升至3%左右,随后在2027年底回落至2%左右。

更高的油价假设推高加拿大通胀路径

“我们预计4月货币政策报告将纳入布伦特/WTI原油价格分别为90美元/85美元的假设,这与1月28日以来的平均价格相符。该价格略低于我们对第二季度WTI 92美元和年底85美元的基线预期,但较之前55美元的WTI假设大幅上升。”

“这将导致央行通胀预测的急剧加速,总体CPI在第二季度峰值略低于3%,随后在年底放缓。我们预计这些预测将维持到2027年底回归2%的水平,核心通胀指标的上调幅度则较为温和。”

“更高油价对经济增长的影响可能会在4月货币政策报告中通过单独的专题框进行更深入的讨论,但我们仍认为更高的油价对加拿大经济活动有利。”

(本文借助人工智能工具撰写,并由编辑审核。)

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