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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- The Bloomberg analyst survey saw a continued wide range amongst analysts of views on the potential BoC rate path.
- Coming ahead of tomorrow’s CPI report, it’s almost a coin toss between those calling for a 50bp or 75bp hike at the Sep 7 meeting, with 75bps to 3.25% just edging it (9 of 17).
- The median response sees a terminal rate of 3.5% in Q4 in line with current market pricing although sees it being held slightly longer through to mid-2023 before cuts in 2H23 with a median split between 3-3.25% for end’23.
- Goldman is the most hawkish with a terminal 4.25% until at least after the Oct’23 meeting, whilst Oxford Economics and UBS are relatively dovish with a hiking cycle stopping at 3% with next month’s BOC decision – see table below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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