Investor Presentaiton

Policy Rates in Core Markets Canada 10 10 % % forecast COVID-19 begins 09876543NTOT -1 18 Headline inflation 19 Policy rate 20 21 22 7 98 96543210 United States COVID-19 begins Policy rate Headline inflation 23 18 19 20 Sources: Scotiabank Economics (forecasts), Bank of Canada, Statistics Canada. Chile 10 % COVID-19 begins 098765432-0 Policy rate 1 Headline inflation 18 19 20 21 forecast 21 forecast 22 23 Sources: Scotiabank Economics (forecasts), Federal Reserve Board, BLS. 10 % 0989654 Policy rate Colombia COVID-19 begins 3 2 Headline inflation 1 0 22 23 Sources: Scotiabank Economics (forecasts), BCCH, INE. 09876543210 % Mexico COVID-19 begins forecast Policy rate Headline inflation 18 21 22 19 20 Sources: Scotiabank Economics (forecasts), Banxico, INEGI. 23 forecast 21 22 18 19 20 Sources: Scotiabank Economics (forecasts), BanRep, DANE. Peru 23 10 % 9 COVID-19 begins forecast 8 7 6 5 4 Policy rate 3 2 1 Headline inflation 19 20 22 23 21 18 Sources: Scotiabank Economics (forecasts), BCRP, INEI. 44 57

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