Does the tax U-turn mean interest rates won't rise to 6% as predicted?

The government has reversed some of its tax cuts, but have they gone far enough?

The Bank of Nova Scotia (BNS)

NYSE - NYSE Delayed price. Currency in USD

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48.08

+1.26

(+2.69%)

At close: 04:00PM EDT

48.32

+0.24

(+0.50%)

After hours:

07:43PM EDT

In the money

Show:ListStraddle

Strike:75.00

Callsfor21 October 2022

Contract name	Last trade date	Expiry date	Last price	Bid	Ask	% change	Volume	Open interest	Implied volatility
BNS221216C00075000	2022-08-23 11:25AM EDT	2022-12-16	0.20	0.00	0.30	-	1	51	51.76%
BNS230120C00075000	2022-09-29 12:49PM EDT	2023-01-20	0.15	0.00	0.00	-	10	1,164	12.50%
BNS240119C00075000	2022-09-30 12:59PM EDT	2024-01-19	0.35	0.10	0.50	-	1	206	25.83%

Putsfor21 October 2022

Contract name	Last trade date	Expiry date	Last price	Bid	Ask	Change	% change	Volume	Open interest	Implied volatility
BNS230120P00075000	2022-09-12 9:58AM EDT	2023-01-20	18.60	26.30	27.60	0.00	-	2	137	57.89%
BNS240119P00075000	2022-01-04 2:45PM EDT	2024-01-19	10.50	9.80	11.20	0.00	-	1	458	0.00%