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BoC will cut its overnight rate by 25bps to 0.25% - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – David Tulk, Research Analyst at TDS, expects that the Bank of Canada will cut its overnight rate by 25bps to 0.25% at next week's interest rate decision.

    Key Quotes

    “This out of consensus forecast is based on the hit to the economy from the renewed push lower in commodity prices and continued disappointment from other sources of growth.

    The decision remains an exceptionally close call. On one front, the economic uncertainty has risen enough to fully support a cut, and the additional insurance would be wise. On the other hand, the Bank may want to wait and see how the temporary factors weighing on late- 2015 growth evolve.”
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