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Bank of Canada holds rates at 0.50%, as expected

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Highlights of the Bank of Canada rate decision on July 13, 2016 - All economists in the BBG survey expected BOC to leave rates unchanged - The market had priced in an 8.3% chance of a cut There are no dovish hints here beyond the push back in the output gap. There statement remains neutral and USD/CAD has fallen to 1.2992 from 1.3065. That move seems about right.

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