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Bank of Canada decision coming up

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What's expected - The OIS market is pricing in an 8.3% chance of a cut today - No economists in the Bloomberg survey are forecasting a cut - The probability rises to 30.7% by year end The BOC is highly unlikely to cut today but Poloz isn't afraid of surprise. The intrigue will be in the statement . In May, the BOC said the "current stance of monetary policy still appropriate," that's the line to watch.

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