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FOMC and Bank of Canada Meetings Ended Predictably. USD/CAD Overview
On Wednesday, meetings of the Bank
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On Wednesday, meetings of the Bank of Canada and the FOMC took place. The outcomes of both meetings almost fully matched forecasts, and the market reaction to them was rather weak.The Bank of Canada left the overnight interest rate unchanged at 2.25%. Forward guidance contained minimal changes, as did the forecasts themselves. Essentially, the Bank repeated what it had stated at the previous meeting—to keep the rate unchanged until new information emerges. Tariffs and overall uncertainty are expected to continue
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Kuvat Raharjo,
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