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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.
Source: Bank of Canada
EXECUTIVE SUMMARY
- The BoC is unanimously expected to keep rates on hold at 4.5% on Wednesday and for the most part echo March’s continued guidance of a conditional pause whilst leaving the door open to further hikes to prevent an excessively large easing in financial conditions.
- The macro backdrop isn’t sufficiently different to warrant a change in guidance, although new forecasts could be used as a hawkish nuance if wanted, especially on the growth side. It’s not a base case but we don’t rule out a tweak higher in the annual neutral rate revision.
- Governor Macklem will follow the day’s proceedings with a fire side chat at the IMF on Apr 13, 0900ET.
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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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