The decision on the monetary policy of the Bank of Canada! ALREADY IN AN HOUR!
Dear traders,
Today, anyone who trades on the Canadian, waiting for data on the interest rate of Canada!
The decision of the Bank of Canada on the interest rate will be announced at 17:00 (Kyiv). Most experts suggest that the central bank of Canada will leave the interest rate at 1.0%.
At a previous meeting in October, the Bank of Canada set aside the interest rate unchanged and said that despite the reduced need for financial incentives in the future, the central bank of Canada will be extremely cautious in further tightening of monetary policy, given the risks and uncertainty surrounding the country’s economic growth.
Market analysts believe that Canada’s central bank will remain in the waiting list for an increase of the interest rates until April, due to uncertainty about the NAFTA negotiations, as well as how debt-laden consumers will cope with the rise in the cost of borrowed funds.
Trade and make money on the news!
Good luck!
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