1.1191 is the low as the Bank of Canada release details from their monetary policy meeting. They still see the underlying inflation pressures as muted but much of the “temporary” wording has come out. We’re still a little bit in … Continue reading
The Monetary Policy Report from the Bank of Canada holds few changes in terms of the growth view while boosting near-term inflation forecasts, largely as a results of higher data. Some of the numbers have been shuffled but nothing has … Continue reading
Highlights of the quarterly Bank of Canada monetary policy report October 2014 US GDP forecast raised to 2.2% from 1.6% for 2014, Lowers 2015 to 2.9% from 3.1% and 2017 to 2.7% from World growth raised to 3.1% from 2.9% … Continue reading
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The BOC had hinted it may remove forward guidance but without saying ‘neutral’ the statement still indicates no bias toward hiking or cutting: “The Bank judges that the risks to its inflation projection are roughly balanced” Inflation is close to … Continue reading
Just spotted that this is out as well, Sep real weekly earnings expected at 0.3% vs 0.4% prior m/m. Wages are a big part of the Fed rate picture so a big jump could counter any big falls in CPI
EUR/USD has run some small stops as it breaks through 1.2700. The buck in general is seeing some positional adjustment as we head towards the inflation data at 12.30 gmt. USD/JPY isn’t really reacting though as it sits at 106.93. … Continue reading
While declining to comment on the Efe reports of banks failing the stress test they have issued an emailed statement saying; “Any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are … Continue reading
1.60 here we come by the looks of things as a very dovish set of minutes flies out of the Bank of England’s MPC meeting. The 200 wma has seen some action of late and at 1.6012 is seeing some … Continue reading
weaker euro area has increased risks for UK MPC sees weak price pressures and low wage growth CPI outlook doesn’t justify rate increase see some signs that UK growth is losing momentum Who want’s to push back a rate hike … Continue reading
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