Analysts at NBF explained that the central bank’s decision to raise rates was largely expected by markets. Key Quotes: “The economy is at capacity, inflation pressures are on the rise, and real rates remain negative, which all warrant further tightening of monetary policy. In that regard, an October rate hike is possible if the BoC’s forecasts for growth pan out. That said, the central bank made clear it is data dependent and hence nothing is cast in stone.” “Note that the BoC cautioned about rising trade protectionism which have arguably raised downside risks to the economy. The U.S., which last month imposed tariffs on imports of steel and aluminum, is now threatening additional trade barriers. Tariffs on autos for example, which are now being considered by the Trump administration ─ public hearings held by the U.S. Department of Commerce take place next week ─, would have unambiguously devastating economic impacts if enacted.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: CPI to rise 0.2% in June, unlikely to sway Fed views to the more hawkish side – TDS FX Street 3 years Analysts at NBF explained that the central bank's decision to raise rates was largely expected by markets. Key Quotes: "The economy is at capacity, inflation pressures are on the rise, and real rates remain negative, which all warrant further tightening of monetary policy. In that regard, an October rate hike is possible if the BoC's forecasts for growth pan out. That said, the central bank made clear it is data dependent and hence nothing is cast in stone." "Note that the BoC cautioned about rising trade protectionism which have arguably raised downside risks to the economy. The U.S., which… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
