USD/CAD: Adjustment of rate expectations to the upside could support the Loonie – Commerzbank USDCAD BOC Banks
Will the market have to adjust its expectations?
“BoC will have to consider whether its rate hikes last year will be sufficient to control inflation pressure. The question that increasingly arises for the market is whether it will have to adjust its expectations for the meeting at the end of January and afterwards as it has so far seen little likelihood of significantly higher key“The publication of the December inflation data next week will be important.
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