The Bank of Canada raised its benchmark interest rate by 75 bps to 3.25 %, as widely expected. The Governing Council still judges that the policy interest rate will need to rise further, while economy is evolving broadly in line with the July projection.Surveys suggest that short-term inflation expectations remain high and BOC continues to expect the economy to moderate in the second half of this year.
No post-meeting press conference will be held.
USDCAD saw relatively small reaction to today’sBoC decision. The currency pair continues to trade below1.3200 level. Source: xStation5
Daily summary: Trump remarks helps Wall Street 📈Precious metals decline
Fed's Musalem remarks on the US economy and tariffs🗽
The AI Fever: Bubble or Will It Keep Rising?
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
