1. ECB Interest Rate Decision The ECB will announce its rate decision and forward guidance today. No change in monetary policy looks likely in the near future evidence that the central bank is shifting away from a dovish outlook may encourage greater demand for the sing...
Financial vulnerability concerns weighed against cut Overall excess capacity in the Canadian economy has increased, which will bring a degree of downward pressure on inflation We received a string of disappointing consumer readings BOC weighed risk that inflation cou...
France, US reach agreement on joint global framework for digital tax according to a French Minister
The Bank of Canada focused on Q4 weakness, noting that "job creation has slowed and indicators of consumer confidence and spending have been unexpectedly soft."
BANK OF CANADA MAINTAINS BENCHMARK OVERNIGHT RATE AT 1.75%
Actual: 3.6% Forecast: 1.3% Previous: -1.7%
Actual: 1.75% Forecast: 1.75% Previous: 1.75%
The Bank of Canada is widely expected to keep interest rates on hold today. The Rate Decision will be published in 15 minutes with a press conference to follow an hour later. Any surprising revision would lead to volatility in Canadian Dollar this week
The core measures are a mixed bag with median and trim on the soft side but common a touch firmer. The general bias of the report was on the lighter side but note that all three BOC core measures are now above 2%.
Actual: 1.7% Forecast: 1.9% Previous: 1.9%
The Canada CPI is expected to come out at 01% m/m and y/y inflation is expected to stay at 2.2% in December. On the other hand, Core CPI is expected to be 1.9%.
U.S. PRESIDENT TRUMP SAYS ON AUTO TARIFFS "I HAVE A DATE IN MY MIND IT IS A FAIRLY QUICK DATE" SAYS THINKS HE WILL HAVE A DEAL WITH EU BEFORE U.S PRESIDENTIAL ELECTION
Comments by US Treasury secretary, Steven Mnuchin, in Davos US focused on Phase One deal implementation over the next 30 days There are no deadlines for Phase Two deal Says Trump tariffs have been a big incentive in getting a deal done with China
Says Dow Jones index would be up 10,000 points if it weren't for the Fed Says would be surprised if tariffs are needed on Europe
TURKISH FOREIGN MINISTER: WE OPPOSE U.S. SANCTIONS ON IRAN
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