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[RPT] MNI BoC Preview: Watching Guidance For A Final Hike

CANADA

Re-upping our preview for today’s BoC decision at 1000ET. https://marketnews.com/mni-boc-preview-jan-23-watching-guidance-for-an-expected-final-hike


  • It is broadly expected to opt for a final 25bp hike to 4.5% but 5 of 27 analysts call for no change and OIS pricing has nudged lower to ~19bps from low 20s last week.
  • Barring a decision surprise, which certainly can’t be ruled out, we watch whether guidance leans to pausing or leaving the door open to further hikes.

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