MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Analysts On Chances Of 50bp Hike Post CPI

CANADA
  • BMO: Inflation is getting entrenched. As a standalone report, Feb CPI argues for an even tighter stance by the Bank in the months ahead.
  • Desjardins: Inflation can no longer be viewed as simply driven by supply chain disruptions and domestically-driven price growth will see the BoC need to forge ahead with further rate hikes even as headline inflation appears to be cooling in Q2.
  • GS: The CPI beat was notable and increases the probability of a 50bp hike in coming meetings. That said, our baseline remains for 25bp hikes in every meeting this year as the ex food and energy measure is softer than headline. We think there is a bigger risk of a 50bp hike in June than April, because we expect the BoC to announce QT in April and because the BoC would have seen two more inflation prints by June.
  • Scotia: Inflation continues to surpass the BoC’s expectations and that likely amplifies the risk of a 50bps or larger hike at the April meeting. Momentum and breadth are both very high with further pressure ahead as Canadian monetary policy is far behind the curve.
  • TD: While the BoC's decision to forgo a January rate hike continues to look more questionable with hindsight, we don't think the Feb CPI report is enough to tip the scales towards a 50bp move at the April policy decision.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage Bank of Canada Market News

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.