Canada’s headline inflation rate for May surprised to the upside on Tuesday. The 0.6% month-on-month print and 2.9% year-on-year increase came in above expectations of 0.3% m/m and 2.6% y/y, respectively. Both measures…
Is the BoE making a mistake moving toward rate cuts before the end of the summer? What would such a move mean for UK asset prices?
According to BCA Research’s Foreign Exchange Strategy service, the Norges Bank will be one of the last central banks to cut rates. The Swiss National Bank, Bank of England, and Norges Bank all held policy meetings on…
We look at the implications a various European central bank meetings this week, for currency strategy.
In its latest Special Report, BCA Research’s US Bond Strategy service considers the relative merits of four different fixed income investments in the current economic environment: 2-year Treasuries, 10-year Treasuries, Baa-…
The Swiss National Bank (SNB) was the first major central bank to embark on a dovish pivot back in March. It lowered borrowing costs Thursday for a second consecutive meeting, from 1.5% to 1.25%, despite expectations that…
In a widely expected move, the Bank of England (BoE) kept its policy rate unchanged at 5.25% in June. Although MPC members voted seven-to-two in favor of not cutting rates, a tweak in communication noting that the decision was…
The ECB delivered its first rate cut in June, moderating the degree of restriction rather than pivoting outright to easy monetary policy settings. Indeed, the rate cut was accompanied by an upward revision of inflation and growth…
On the surface, UK inflation appears to be on the right track. The May CPI release came in broadly within expectations. Headline inflation eased from 2.3%y/y to 2.0%y/y – directly on the BoE’s target for the first…