The Bank of Canada are set to announce their latest policy decision at 15:00 BST/ 10:00 ET on Wednesday June 9th, with Deputy Governor Timothy Lane scheduled to give an economic progress report on Thursday 10th. Given the underwhelming data since the Bank’s April meeting, where they tapered their QE programme to C$3bn a week and upgraded their economic projections, we don’t expect Wednesday’s meeting to outline a further tightening of monetary policy.
Read our Bank of Canada preview here:
Author: Simon Harvey, Senior FX Market Analyst
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