Cries of ‘Pivot!’ as BoC slows hikes
Thursday 27th October 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The Bank of Canada lifted rates by 50 basis points this morning, against expectations of a 75 bp hike. David de Garis says there were cries of ‘Pivot’ amongst the traders at NAB in London, but how far will it stretch. Does it follow that the Fed will follow in Canada’s footsteps? It’s unlikely the ECB will, when they meet later today. Or the RBA when they meet next week, given the stronger than anticipated inflation numbers yesterday. And a sign that the confidence crisis in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.