The decision on Canada’s interest rate in focus!
Dear traders,
Today, at 17:00 (Kiyv), the decision of the Bank of Canada on the interest rate will be published! And this means that you can make money on the Canadian dollar!
The leading analyst of Ester A.Sivtsov writes:
“The decision on which interest rates to set depends mainly on the outlook for growth and inflation. Canada is a country – exporter and it is more promising for it to lower the interest rate to protect exporters. The policy of the Bank of Canada is aimed at keeping the inflation rate within 1-3%.
According to the forecast, the Bank of Canada will keep the discount rate at 1.25%, which also damages the inflation rate, which since December has decreased from 2.1% to 1.7%. In the case of the release of data within the forecast, the Canadian will be under pressure, against which the reduction of it within 50-60 points against competitors is expected.“
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Have good profits, Gentlemen!
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