FOCUS OF THE DAY: Bank of Canada monetary policy decision!
Dear traders,
The Bank of Canada is widely expected to keep interest rates on hold and say it is sticking to its plan to raise them gradually when it meets this week. A decision is due at 18:00 (Moscow time) today.
The bank held steady at its Dec. 5 meeting and suggested the pace of future hikes could be more gradual, citing disappointing growth and low oil prices.
BoC Governor Stephen Poloz said in mid-December that the pace of interest rate hikes in Canada could be interrupted or sped up depending on the economic circumstances. (Investing.com)
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