What are BOC interest rate decisions?

Regular BOC interest rate decisions disseminate information on the health of the Canadian economy and policy expectations. AUD/USD is one of the most liquid and widely traded currency pairs. In this article, we look at basics of trading it from both the fundamental and technical analysis perspectives.

Will the BOC hold the key rate at its current level?

This decision came in line with the market expectation. In its policy statement, the BoC reiterated that it expects to hold the key rate at its current level, conditional on the economy developing broadly in line with its forecasts.

What is BOC monetary policy?

The bank’s stated objective is to preserve the value of money by keeping inflation low, stable and predictable. The BOC monetary policy framework consists of two main components, the inflation-control target and the flexible exchange rate.

How many basis points has the BOC matched the FED rate rises?

So far the BoC has matched the 300 basis points of Fed rate rises since March. The U.S. central bank has hiked by 75 basis points at three consecutive meetings and is likely to do so again at its next one.