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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 Access/BOC policy previews: - Scotiabank: 25Bp.....>
CANADA: /BOC policy previews:
- Scotiabank: 25Bp hike to 1.75%
- However, "communication risk is elevated as Gov. Poloz will need to balance
positive developments on trade (NAFTA/USMCA) and sentiment (Business Outlook
Survey) against weaker global growth prospects and record (CAD-bearish) oil
price differentials. If the 'gradual approach' language is retained, tightening
expectations for 2019 may moderate."
- "Trade policy developments should ... allow the BoC to remove some of the
negative forecast judgements incorporated into the July MPR."
- CIBC: 25Bp hike to 1.75%, additional 25bps hike to 2.0% in January
CIBC strikes a more cautious approach to a hike from the BoC Wednesday. "While
we agree that less trade uncertainty is unequivocally good for the economy, it
is not entirely clear - given the information we have in hand today - that is
requires the BoC to go 'that' much more." Markets are "currently looking for a
2.5% policy rate by late 2019, which we think is too high given currency
considerations and the considerable starting point for household leverage."
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.