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Little New In BoC Prepared Remarks At House Committee

CANADA
  • Prepared remarks for BoC Governor Macklem and Senior Dep Gov Rogers look very similar to those for the BoC decision from two weeks ago, reiterating the potential for hiking forcefully if needed.
  • There has been little market reaction on the headlines, waiting for the back and forth with the committee - USDCAD holds near session highs of 1.2767 and rates are up as much as 20 ticks in BAX futures reds.
  • Full statement can be found here: https://www.bankofcanada.ca/2022/04/opening-statement-250422/

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