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Will Interest Rates Be Held Steady This Week? Bank of Canada Meeting Preview
As Bank of Canada policymakers get ready for their final meeting of this year on Wednesday, markets expect the bank to hold interest rates steady in December and in the months ahead. Surprise growth in third-quarter GDP, followed by a third consecutive consensus-beating job market report, eliminated any possibility of a December rate cut, cementing analysts’ expectations for the central bank to move back to the sidelines after over a year of cuts. The market and analysts are near-unanimous in their expectation that there is little compelling the Bank to make a change. In their October monetary policy report, Bank ... (full story)
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This morning has brought news which made me double-check it. So without further ado let me hand you over to the Financial Times. Please do not adjust your sets. Investors have increased bets that interest rates in the Eurozone could rise next year even as the US continues to lower borrowing costs, in a shift that could further weigh on an already weak ...
“Japan’s Takaichi pledges timely economic and fiscal decisions, taking interest rates, forex, and prices into account.”
“BOJ’s Ueda says he will not provide specifics on interest rates.” “BOJ’s Ueda observes a sharp recent increase in long-term interest rates.” “BOJ’s Ueda pledges increased JGB purchases in response to sudden long-term rate changes.” BOJ’s Ueda notes that the degree of monetary easing will change if trends in the economy and prices match projections BOJ’s Ueda notes the bank is monitoring firms’ wage intentions for next year
