June 7, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Fluctuated ahead of BoC Interest Rate Decision
Canadian Dollar (CAD) Quiet Ahead of BoC Rate Decision
Meanwhile, the Canadian Dollar (CAD) is fairly muted as Cad investors move to the sidelines ahead of the latest interest rate decision from the Bank of Canada (BoC).
With the markets pricing in another unchanged policy rate. Expectations that the central bank will keep the rate at 4.5%, unchanged since January as the BoC have raised the interest rates by 425bps in the previous eight meetings. Economists at ING commented on the latest looming decision:
‘We…
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