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BoC Decision At The Top Of The Hour

CANADA
  • The BoC decision lands at the top of the hour along with US ISM Services.
  • It will be a single page statement only, with Gov Macklem set to give the Economic Progress Report tomorrow.
  • It’s widely expected to leave rates on hold at 5% after 2x25bp hikes, with focus on what aspects of recently mixed data are highlighted with about 12.5bps of additional tightening priced to year-end.
  • A final re-upping of the MNI Preview: https://roar-assets-auto.rbl.ms/files/55612/BOCPreviewSep2023.pdf

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