Fx Primus Rebates

Bank of Canada holds rates at 1.00%, as expected

Highlights of the Bank of Canada interest rate decision and statement on Dec 6, 2017: – Repeats that higher rates will likely be needed over time – Says will be guided by incoming data USD/CAD was at 1.2662 before the announcement but jumped to 1.2737 afterwards. Copyright 2015 Forexlive.com

Fx Primus Rebates

RBI leaves repo rate unchanged at 6.0%

Reserve Bank of India out with latest decision 6 Dec – reverse repo unchanged at 5.75% – cash reserve ratio unch at 4.0% – retains neutral policy stance – 5 from 6 MPC members voted to keep rates on hold Indian equity markets not liking the hawkish/cautious stance on inflation risks with NSEI down 0.6%…

Fx Primus Rebates

What’s priced in for the Bank of Canada

The BOC meeting is tomorrow The BOC decision on Wednesday is intriguing because there is a substantial chance of a surprise hike priced in. Part of that owes to the BOC’s recent history of surprising markets. Another part is because of strong jobs numbers last week. Copyright 2015 Forexlive.com