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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.
BOC
The comfortable majority of analysts look for a 50bps rate cut from the Bank of Canada at this week's decision, however a not insignificant minority see a smaller step of 25bps on Wednesday.
- The BoC is mostly priced to ramp up its easing pace with a 50bp cut on Wednesday after three consecutive 25bp cuts having started cutting in June
- We think it’s a closer call with another 25bp cut than the 45bp priced implies, but narrowly go with a 50bp cut this month with the market presenting an opportunity to step rates closer to higher estimates of neutral and trim elevated real rates
- If the Governing Council does opt for a 50bp cut, we expect an attempt at downplaying odds of a second 50bp cut in December to avoid an overly large FI rally and CAD depreciation.
Our full preview including exclusive policy analysis and summary of sell-side views here: https://mni.marketnews.com/3BTzNPh
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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