The Bank of Canada unexpectedly raised its benchmark interest rate by only 50 bps to 3.75 % while the markets expected a 75 bps increase to 4.00%.
Investors will focus now on BoC Governor comments during the press conference regarding the economic outlook, inflation and fiscal policy.
Economic calendar: US Philly Fed and central bankers speeches in focus
BREAKING: UK manufacturing data slightly stronger than expected; GDP lags slightly
Morning wrap (16.10.2025)
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
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