Has monetary tightening begun?
June 14th, 2010TD SECURITIES DATAFLASH
CA: Bank of Canada Shifts Into First Gear
- The Bank of Canada hiked its target for the overnight rate by 25bps, from 0.25% to 0.50%
- The forward-looking statement is quite tentative, indicating that although the default assumption is further hikes, a notable element of uncertainty remains.
- The key phrases in the report are “increasingly une ...