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BoC Instant Answers Questions

CANADA
  • 40 minutes out from the BoC decision, consensus looks for a 25bps cut to 4.75%, as last week's soft GDP print provides the final building block in the argument for easing today. That said, there remains a sizeable minority looking for a delay to July - or later - for a first rate cut. Full MNI preview here: https://roar-assets-auto.rbl.ms/files/64492/BOCPre...
We have selected the below questions for our Instant Answers blast for this meeting, set for release alongside the rate decision:
  • Overnight Rate Target (level in x.xx%)
  • If the Bank lowers rates, does it also signal the prospect of further easing?
  • Does the Bank say it expects the pace of loosening policy to be measured, patient or slow?
  • If the Bank does NOT lower rates, does it say it may soon be appropriate to cut?

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