Bank of Canada interest rate pause continued, with a “clear hiking bias”

The Bank of Canada left its overnight rate unchanged at 5%, although other events overtook the news on it: Via, RBC, their ‘Bottom Line” response, in brief: CPI readings still running well above the 2% target, the BoC is firmly focused on getting inflation under control. Slower than expected progress is a concern. But evidence

Bank of Canada leaves policy rate unchanged at 5% as expected

Share: The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation.  BoC Governor Tiff Macklem will explain the policy decisions and comment on the policy outlook in a press conference starting

Reserve Bank of Australia Governor Bullock will be appearing in parliament after CPI data

Following the Australian official inflation data due today Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Christopher Kent, will appear before the Senate Economics Legislation Committee (Supplementary Budget Estimates) on Thursday, 26 October 2023. at 9am Sydney time 2200 GMT, 1800 US Eastern time Earlier previews of the data due from Australia

Canadian Dollar’s Outlook Hinges on Bank of Canada. What to Expect for USD/CAD?

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Weekly Forecast – EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead? The Bank of Canada will announce its October monetary policy decision on Wednesday. The institution headed by Tiff Macklem