Canada first to go lower?
Wednesday 21st February 2024
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Canada\u2019s latest inflation rate came in lower than expected overnight, prompting the inevitable speculation about an earlier cut from the Bank of Canada. April perhaps? Phil asks NAB\u2019s Skye Masters whether this means they\u2019ll be the first major central bank to move lower, as others seem to be pushing expectations back a little. Although UK gilt yields dropped after the BoE\u2019s Andrw Bailey said to a government hearing that market expectations for a rate cut this year are not unreasonable. Today Australia\u2019s wage rice index is released. NAB expects it to come in line with RBA forecasts, but we\u2019ll see.
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