Market will focus on BOC inflation comments

The Bank of Canada decision is out at 1500 GMT (10 am ET) on Wednesday and the market will key in on inflation comments. The Wall Street Journal has a preview.

A majority expect Wednesday’s statement to repeat the line from the March statement that downside risks to inflation “remain important.” This was less dovish than in January when the central bank said downside risks “have grown in importance.”

The minority view is that the central bank will further tone down the dovishness on Wednesday.