FXStreet (Guatemala) – Analysts at Nomura explained both the BoC and RBA are expected to stay on hold.
Key Quotes:
“We expect the Bank of Canada to keep its policy rate at 0.50% and to maintain a neutral policy stance by reiterating that “the current stance of monetary policy remains appropriate.”
The communiqué is likely to reiterate that risks to the inflation outlook are “roughly balanced,” where the positive effects of a growing US economy are expected to counterbalance any continued headwinds from lower commodity prices and the resulting decline in investment.
Similarly, we are confident that the RBA will keep the cash rate unchanged at its meeting on Tuesday, after it communicated “scope” to lower the cash rate and a lower inflation outlook on 6 November.”
(Market News Provided by FXstreet)