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29 May 2013
Flash: BoC in focus and carneys last – TD Securities
FXstreet.com (London) - TD Securities have noted that in Canada, BoC Governor Carney’s last policy setting meeting is the focus today.
Adding, it will conclude with the overnight target rate left unchanged at 1% and the nuts and bolts of the policy statement, considerable stimulus in place will likely remain appropriate for some time, after which some modest withdrawal will likely be required, left intact. They went onto mention that there has been some low-key musings that Governor Carney might move the policy bias to neutral in order to allow incoming Governor Poloz a clean start but we think this is unlikely.
Adding, it will conclude with the overnight target rate left unchanged at 1% and the nuts and bolts of the policy statement, considerable stimulus in place will likely remain appropriate for some time, after which some modest withdrawal will likely be required, left intact. They went onto mention that there has been some low-key musings that Governor Carney might move the policy bias to neutral in order to allow incoming Governor Poloz a clean start but we think this is unlikely.