We are pleased to provide the February 2023 edition of Financial Markets Monthly from RBC Economics. This publication includes a forward-looking analysis of Canadian, US and international financial market trends.
Key highlights
- BoC became first major central bank to “conditionally” pause tightening
- With Canada’s economy losing momentum it is unlikely BoC will restart rate hikes
- Further hikes from the ECB, BoE and RBA are expected
- A strong US payroll report has driven policy rate expectations higher
- Terminal rate expectations will move higher if labour market strength persists over medium term
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