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Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on Friday, March 3. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers, Deputy Governor Paul ... (full story)
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— Cable FX Macro (@cablefxmacro) March 22, 2023
*BOC AGREED TO 'EMPHASIZE THE CONDITIONALITY' OF ITS RATE PAUSE
*OFFICIALS DISCUSSED FED EXPECTATIONS, US DOLLAR STRENGTH: BOC
*MARCH DECISION SUMMARY MAKES NO MENTION OF BOC CONSIDERING HIKE
*BANK OF CANADA SAW 'CLEAR SIGNALS' HIKES WERE CURBING DEMAND
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SUMMARY OF BANK OF CANADA'S DELIBERATIONS: GOVERNING COUNCIL ALL AGREED ON PAUSING RATES ON MARCH 8.
— Breaking Market News (@financialjuice) March 22, 2023
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BOC GOVERNING COUNCIL: THE RESILIENCE OF THE US ECONOMY TO HIGHER INTEREST RATES, AS WELL AS THE PERSISTENCE OF ELEVATED US CORE INFLATION, MIGHT FORESHADOW SIMILAR DEVELOPMENTS IN CANADA - SUMMARY.
— Breaking Market News (@financialjuice) March 22, 2023
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BOC GOVERNING COUNCIL: IF EVIDENCE SUGGESTED THAT INFLATION WOULD BE MORE PERSISTENT, POLICY RATES WOULD NEED TO BE RAISED FURTHER - SUMMARY.
— Breaking Market News (@financialjuice) March 22, 2023