RBS: Expect a neutral BoC

From RBS:

We see little reason to expect the Bank of Canada to make wholesale changes to its stance on interest rates, which is “neutral with respect to timing and direction” and “will depend on how new information influence the outlook and assessment of risk.” The Bank of Canada may make moderate tweaks to its assessment of growth in September, simultaneously acknowledging that US and Canadian growth in the second quarter outperformed expectations. The BoC may also include phrases regarding weakening growth momentum in Europe and heightened geopolitical stress. Still, the Bank of Canada should retain an overall cautious tone on the economic outlook.

Keep in mind that there will be no BoC press conference today.

The post RBS: Expect a neutral BoC appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published. Required fields are marked *