MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Scotiabank See Cautious Optimism That Inflection Point May Be Building

CANADA
  • Scotiabank, historically at the more hawkish end of the analyst spectrum, saw the simplest measure of core inflation continuing to decelerate, driving “cautious optimism that an inflection point may be building”.
  • It could “support a further downshifting in the pace of rate hikes in Dec and more cautious forward guidance toward a coming pause” when factoring in Gov. Macklem choosing to downplay wage growth.
  • Traditional core CPI ex-food and energy was up only 0.2% m/m SA, the lightest since Nov’21. The annualized rate of 2.5% m/m SAAR converts to 3.7% on a 3mma basis which isn’t exactly a light trend, but continues the deceleration since May.
  • “The usual caution applies in that more data is required, but we’re on the right path with greater evidence now than at any other point in quite some time”.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets 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.