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BoC: Expected to deliver a 25 bp rate cut - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at BBH, suggests that the Bank of Canada is widely expected to deliver a 25 bp rate cut today.

    Key Quotes

    “We are less convinced. Market conditions are not conducive and the Canadian dollar, while not in free fall, it depreciating quickly (5.4% this year already). If the Bank of Canada does move, Governor Poloz has indicated a willingness to consider QE.

    Ahead of the meeting, the Canadian dollar is at new multi-year lows. The EIA oil and products inventory data will be released today and is expected to show a 2.75 mln barrel build in inventories. Oil prices are off nearly 2% today to new lows.”
    For more information, read our latest forex news.
     

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