Free Trial
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.
Credit: Bank of Canada
EXECUTIVE SUMMARY
- The BoC hiked 25bps to 4.5%, a decision that was broadly as expected but with surprisingly firm guidance for pausing at this level should economic developments evolve in line with its outlook.
- Needing to see an accumulation of evidence to warrant further hikes but still being far too early to talk about rate cuts with still sizable upside risks to inflation imply a potentially length pause ahead.
- The next decision on Mar 8 is likely a moot point barring significant global developments, with focus instead on Apr 12 by which time there will have been three months of labour data and two months of CPI. Some analysts look for rate cuts in the second half of 2023 whilst heavy rate cuts remain priced to mid-2024.
- First though, the first ever meeting minutes on Feb 8 offer something new for analysts to assess.
PLEASE FIND THE FULL REPORT HERE:
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok