• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

PIMCO on 3 reasons the Bank of Canada is hiking, and what's ahead

Started by forex4you, Apr 29, 2022, 04:31 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

PIMCO on 3 reasons the Bank of Canada is hiking, and what's ahead

A PIMCO piece on the Bank of Canada. The Bank has hastened its hiking cycle due to:

    above-target inflation,
    higher commodity prices,
    and concerns about financial stability


And adds that at the mid-April meeting:

    Bank of Canada signalled more hikes to come, and announced plans to reduce its balance sheet


PIMCO says that:

    Buoyed by strong commodity prices, above-trend growth and inflation, a closed output gap, and an expected lag before higher rates affect consumers, BOC officials likely believe the economy can weather a faster hiking cycle.
    The Canadian economy should also benefit from further reopening tailwinds this year.
    The inflation surge in March suggests a hike of 50 bps may come at the BOC's next meeting on 1 June. However, relative to some other DM central banks, such as the Federal Reserve, the BOC likely faces higher interest rate sensitivity and more modest underlying inflationary pressures - meaning the BOC may ultimately deliver less tightening.


Info via this piece here, more detail at that link if oyu wish. 

USD/CAD update:

Source: PIMCO on 3 reasons the Bank of Canada is hiking, and what's ahead

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com