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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.
CANADA
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- The BoC is widely expected to hike its overnight rate 75bps to 2.25% on Wednesday in precedent set by the Fed last month as it again ramps up the pace of rate hikes.
- The statement and following MPR press conference are expected to continue the hawkish language from June when it first opened the option of acting “more forcefully”.
- However, with a 75bp hike more than fully priced and with some analysts not ruling out a 100bp hike, the Bank will have to be particularly hawkish to satisfy markets, focusing more on rampant increases in inflation, high measures of surveyed inflation expectations and household balance sheet resilience to hikes and less so on slowing economic growth and the rolling over in housing market activity in particular.
- Full note here: https://marketnews.com/mni-boc-preview-jul-22-eyeing-a-more-forceful-75bp-hike
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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