BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BoC Review, Sep'22: Maintaining Optionality

  • The Bank hiked 75bps as expected to an above-neutral 3.25%, signalling further rate hikes ahead but also assessing how much higher they have to go as the effects of tightening feed through.
  • Some analysts pushed near-term, and therefore terminal, rate expectations higher on the back of this but the clear growing data dependency now that in restrictive territory takes over.
  • Local onus is on Senior Dep Gov Rogers speaking later today, whilst after that there are still two sets of CPI and labour market reports as well as two further BoC speeches, including from Governor Macklem, prior to the October BoC decision and its fresh round of forecasts.
PLEASE FIND THE FULL REVIEW HERE:

BOCReviewSep2022.pdf

Central Bank ReviewHomepageBoC - ReviewCentral Bank ReportsMarkets Bank of Canada Market News
Central Bank ReviewHomepageBoC - ReviewCentral Bank ReportsMarkets Bank of Canada Market News

To read the full story

Close

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.