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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
BoC Minutes Don’t Move The Needle Ahead Of FOMC
- GoC yields have lifted ~0.5bps across the curve since the BoC minutes but that lags a 1bp lift for 2-10Y tenors for Tsys over the same period.
- USDCAD also little unchanged post-decision, at 1.3412, with firm attention on the FOMC decision ahead.
- Further talk on a bias to hike rates further: The Bank "considered the possibility that their decision could be misinterpreted as a sign that policy tightening had ended and that lower interest rates would follow"… "They agreed that they did not want to raise expectations of a near-term reduction in interest rates, given that they only considered keeping the policy rate where it is or raising it further."
- Ultimately still data dependent:
- *BOC: SUPPLY-DEMAND BALANCE KEY TO FUTURE CORE, TOTAL INFLATION - bbg
- *BOC TO WATCH DYNAMICS OF CORE INFLATION, OUTLOOK FOR CPI - bbg
- *BOC: EXCESS DEMAND DIMINISHING AS MONETARY POLICY TAKES HOLD - bbg
To read the full story
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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.