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Unusually Heavy BoC Schedule

CANADA
  • BoC Gov Macklem and Senior Dep Gov Rogers kickstart the week at 1100ET today, speaking to the House finance committee for up to 2hrs. Opening statement to be published at the same time.
  • Macklem has recently talked of being prepared to be as forceful as needed (including when asked whether he would contemplate a 75bp hike) in order to normalise policy reasonably quickly. Once near neutral, it will be appropriate to be more humble with a pause for at least a period, before potentially moving higher if necessary.
  • Dep Gov Lane follows with a discussion on digital currencies on Apr 26 before a repeat visit from Macklem & Rogers at the Senate equivalent on Apr 27 (1830ET) to give them a chance to tweak commentary depending on today's market reaction.

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