Investor Presentaiton

Policy Rates in Core Markets 09876543NTOT Canada % forecast COVID-19 begins -1 18 Headline inflation 19 Policy rate 20 21 22 United States 10 % 9 COVID-19 begins 8765432-0 Policy rate 1 Headline inflation 23 18 19 20 Sources: Scotiabank Economics (forecasts), Bank of Canada, Statistics Canada. Chile forecast 10 % COVID-19 begins 098765432-0 Policy rate 1 Headline inflation 18 19 20 21 21 forecast 22 23 Sources: Scotiabank Economics (forecasts), Federal Reserve Board, BLS. Colombia forecast COVID-19 begins 10 % 9 8 7 6 Policy rate 5 4 3 2 Headline inflation 1 0 22 23 Sources: Scotiabank Economics (forecasts), BCCH, INE. 10 % 098765432-0 1 Mexico COVID-19 begins forecast Policy rate Headline inflation 21 22 18 19 20 Sources: Scotiabank Economics (forecasts), Banxico, INEGI. 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 0 23 Headline inflation 19 20 18 Sources: Scotiabank Economics (forecasts), BCRP, INEI. 21 22 23 27 22

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