October 23, 2024 13:50 GMT
BOC: 50bps Cut Leaves Little to Surprise Markets
BOC
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- 50bps cut and guidance around rates ahead leaves little to surprise markets here - USD/CAD inside the day's range and nearer the top-end of the range, with very minimal reaction in the front-end of the CAD curve. Press conference with Macklem and Rogers set to follow in 45 minutes.
- Full link to that webcast is here: https://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-october-2024/ or here: https://www.youtube.com/watch?v=yvfQHb9WS1Q
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