MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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 BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

Bank of CanadaCentral Bank NewsPolicy NewsCanadaBriefStoryNorth America

MNI (OTTAWA) - The Bank of Canada will lower the current 3.75% policy interest rate to as low as 3% late next year though the path could be slowed by governments handing out short-term tax breaks and relief checks, former Governor David Dodge said Thursday.

Investors are split on whether current officials lower rates by 25bps or 50bps at next Wednesday's decision as inflation moderates, and Dodge said at a Senate hearing the exact sequence of reductions is less important than the end goal. “Whether the Bank moves by 50 basis points next week, by 25, or it takes a pass, it really doesn’t matter very much in the end, what matters is getting down to 3 percent, three-and-a-quarter percent, something like that, as we come towards the end of 2025,” Dodge said. (See: MNI INTERVIEW: BOC Faces Recessionary Risk On Tariff Hit: Lane)

143 words

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.

MNI (OTTAWA) - The Bank of Canada will lower the current 3.75% policy interest rate to as low as 3% late next year though the path could be slowed by governments handing out short-term tax breaks and relief checks, former Governor David Dodge said Thursday.

Investors are split on whether current officials lower rates by 25bps or 50bps at next Wednesday's decision as inflation moderates, and Dodge said at a Senate hearing the exact sequence of reductions is less important than the end goal. “Whether the Bank moves by 50 basis points next week, by 25, or it takes a pass, it really doesn’t matter very much in the end, what matters is getting down to 3 percent, three-and-a-quarter percent, something like that, as we come towards the end of 2025,” Dodge said. (See: MNI INTERVIEW: BOC Faces Recessionary Risk On Tariff Hit: Lane)