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8 Jan 2014
Flash: The BoC unlikely to cut or hike rates in 2014 - Scotiabank
FXstreet.com (London) - Camilla Sutton, Senior FX Strategist at Scotiabank notes that the BoC is unlikely to cut or hike rates in 2014.
Key Quotes
“Governor Poloz’ interview on the Lang and O’Leary show sug‐gests that the BoC will not cut or hike rates this year; that Governor Poloz is focused on the Bank’s inflation mandate and that it is not focused on a level of CAD.”
"The interview was neutral for CAD, but provides a succinct overview of Governor Poloz’ views and highlights that inflation releases will be important data points for CAD.“
Key Quotes
“Governor Poloz’ interview on the Lang and O’Leary show sug‐gests that the BoC will not cut or hike rates this year; that Governor Poloz is focused on the Bank’s inflation mandate and that it is not focused on a level of CAD.”
"The interview was neutral for CAD, but provides a succinct overview of Governor Poloz’ views and highlights that inflation releases will be important data points for CAD.“