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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 survey of analysts has an unchanged BoC rate profile for 2024 meetings.
- The median still sees a first 25bp cut to 4.75% at the next meeting on Jun 5 before pausing in July and then cutting in Sept, Oct and Dec for 100bps over the year. That’s in firm contrast to the 64bp of cuts showing for 2024 CORRA futures, partly dragged higher by strong US data and hawkish Fedspeak.
- The survey of quarterly estimates is across a wider sample of analysts, echoing that profile to 4% for end-2024 but now tilts to a slightly faster cutting profile in mid-2025 – see table.
- Note that this Bloomberg survey was held through Apr 12-18, and so possibly doesn't fully capture the notably softer than expected CAD CPI on Apr 16, but is far more timely than the BoC’s analyst survey also released today covering Mar 7-15.
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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