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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.
EXECUTIVE SUMMARY
- The BoC is almost unanimously seen keeping its policy rate on hold at 5% on Wednesday after coming off the sidelines to hike in both June and July, and with currently just 8bp of tightening priced by year-end.
- A soft GDP print presents the main dovish development in the almost two months since the last decision, with otherwise more mixed data elsewhere.
- We expect communication to maintain hiking flexibility until the October decision, which will follow the latest quarterly BoC business and consumer surveys and also include fresh economic forecasts.
- Focus will be on which elements of nuanced data releases the Bank focuses on in the single page statement, before it’s Governor Macklem’s turn to present the Economic Progress Report on Thursday.
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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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