Free Trial

BoC Ahead At 1000ET

CANADA
  • Re-upping the BoC Preview ahead of the decision at 1000ET here: https://roar-assets-auto.rbl.ms/files/51694/BOCPreviewMar2023.pdf
  • Unanimously expected to leave rates on hold at 4.5% with eyes on guidance after last month’s shift to a conditional pause for today. Single page statement, no press conference (although Senior Dep Gov Rogers follows tomorrow).
  • USDCAD trades upper end of a tight 30pip range after climbing 1% yesterday, little over half post-Powell. 2Y GoC yields have pulled back to little changed at 4.32% (Tsys 5.0%) after clearing resistance to hit Oct’07 highs after the open with 4.36%.

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.