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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.
BOC
Bank of Canada rate decision due at 1500GMT/1000ET, with analysts unanimously expecting a 25bps rate hike to 0.50%. Full MNI Preview here: https://marketnews.com/mni-boc-preview-mar-2022-li...
- Likely a two-part affair with the statement-only release on Wed followed by Governor Macklem potentially fleshing out balance sheet runoff plans in the subsequent Economic Progress Report on Thu, before further commentary in front of the House of Commons.
- Analysts unanimously expect the BOC to commence the hiking cycle with a 25bp hike, noting the rarity with which the Bank has hiked in larger clips in previous cycles.
- Potential market implications are hard to gauge when approaching the meeting with such a fluid market environment but the size of the rally in rates on Tuesday could leave even broadly-as-expected guidance being treated as if it was hawkish.
- One thing that does appear clear though is that Macklem will have plenty of opportunity to guide the market reaction as he sees fit with close to 3.5 hours of commentary through a busy Thursday for him.
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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