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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 BOC Preview - March 2021: Balance Act
The Bank of Canada is widely expected to keep its target rate on hold at 0.25% for the eighth consecutive time Wednesday, while maintaining guidance and asset purchases steady at CAD4B/week. Of the 20 sell-side analyst opinions covered in the MNI Policy Preview, none expect change in the target rate, and half see no change in the next two years.
A minority of analysts see the next policy announcement on April 21 as the more likely candidate for tweaking policy.
There is no Monetary Policy Report or press conference following Wednesday's rate announcement, but Bank of Canada Deputy Governor Schembri will make remarks at a speech scheduled for Thursday at 1330ET. Link:
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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.