BOC Set To Taper Again This Week
A C$1 billion taper from the Bank of Canada at their upcoming meeting has been fully priced in.
A C$1 billion taper from the Bank of Canada at their upcoming meeting has been fully priced in.
The NZD had a textbook “buy-the-rumour-sell-the-fact” reaction to the RBNZ’s 25-basis point rate hike last week. But has anything really changed for the currency?
With the August meeting covid jitters now behind the RBNZ, the coast is clear for them to start their planned hiking cycle with a 25-basis point hike in the week ahead.