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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Macklem Remarks Incoming

CANADA
  • BoC Governor Macklem is set to give an end-of-year speech in a fireside chat hosted by the Business Council of British Columbia.
  • The remarks will be published imminently at 1525ET before the events begin 1540ET, with live link here that will include audience Q&A: https://www.bankofcanada.ca/multimedia/speech-business-council-of-british-columbia/
  • It will be followed by media Q&A at 1700ET.
  • Dep Gov Kozicki on Friday indicated that the statement guidance that the Governing Council will consider whether further rate hikes are needed is a shift to greater data dependency whilst adding that there would need to be a ”really large shock” to see more forceful action. Her remarks saw little market reaction and it's possible we see a repeat here, especially with US CPI and a week of major central bank meetings ahead.
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