Free Trial

Analyst CPI Recap: July Cuts [1/2]

CANADA
  • Yesterday’s stronger than expected Canadian CPI data has further muddied the waters for analysts who had generally been split between a next cut coming in July or September after the BoC cut for the first time this cycle earlier this month.
  • BoC-dated OIS shifted from 15bp of cuts to ~10bps for the July meeting, whilst no longer fully pricing a September cut with very roughly a cumulative 20bps.
  • The below analysts either explicitly indicate they still look for a July cut or haven’t changed prior calls.

To read the full story

Close

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.