JGBS: Futures Sharply Lower On Latest Election Speculation
Jan-09 14:50
JGB futures sell off after the Yomiuri report suggesting that Japan PM Takaichi "began considering d...
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BOC: Changes In The Rate Decision Statement – Dec vs Oct
Dec-10 14:47
A comparison of December's rate decision statement vs the previous edition in October in the PDF below:
BOC: BOC Maintains Policy Rate at 2.25%, Signals Hold Unless Material Shock
Dec-10 14:45
- "If inflation and economic activity evolve broadly in line with the October projection, Governing Council sees the current policy rate at about the right level to keep inflation close to 2% while helping the economy through this period of structural adjustment," statement Wed says, echoing last decision.
- Bank says while it is prepared to respond to material shocks, it reiterates monetary policy cannot restore supply hit from US trade war.
- Most global economies and Canada's continue to show some resilience amid US trade war.
- Moderate Q4 GDP is still expected after a surprisingly strong Q3. Labour market shows some improvement but hiring plans are modest.
- Bank sees CPI inflation staying near 2% target as it has been for over a year now. Core inflation remains between 2.5-3%.
BOC: Instant Answers For Bank of Canada Interest-Rate Decision
Dec-10 14:45
Following are the Instant Answers for the Bank of Canada interest-rate decision:
- Target for overnight rate: Unchanged at 2.25%.
- Does the Bank signal it is prepared to lower rates in the future? Not answered.
- Does the Bank signal it is prepared to raise rates in the future? Not answered.
- Does the Bank say the policy rate appears appropriate if its economic forecast is realized? YES.
- Does the Bank signal it intends to leave rates on hold? YES.
