CAD: Dec BoC: Hawks Disappointed In Lack Of A Jan Hike Signal But It’s Not BoC Style – CIBC


The Bank of Canada is not going anywhere fast with raising interest rates. This has implications for the loonie going forward.

Here is their view, courtesy of eFXnews:

CIBC Research discusses its reaction to today’s BoC December statement and notes that it didn’t offer a clearer call on just how long they will be waiting and seeing before raising rates again.

“Further rate hikes are still coming, but even if they move ahead of our April target, that needn’t mean that we’ll see more than 50 basis points in total next year, given the Bank’s emphasis on being cautious on that front…

Hawks may be slightly disappointed by the lack of a clear signal of a January hike, but that really isn’t their style, and instead, we like others will have to watch upcoming data on October GDP and December employment to fine tune forecasts for when the next hike comes,” CIBC argues.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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