Free Trial

BoC At The Top Of The Hour

CANADA
  • The BoC decision lands at the top of the hour along with the publication of the MPR with its fresh forecasts, followed by Macklem’s press conference at 1100ET.
  • It is almost unanimously expected to keep the overnight rate at 5% whilst we expect similar hawkish leaning guidance to last month.
  • We watch the forecasts, including expected upward revisions to inflation and downward revisions to growth, especially in the near-term, as well as any changes to the expected return to excess supply (previously seen early 2024) and the return to 2% inflation (previously mid-2025).
  • Full preview here: https://roar-assets-auto.rbl.ms/files/56356/BOCPreviewOct2023.pdf

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.