RBC Financial Markets Monthly

Crunch time

We are pleased to provide the May 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

  • Banks tighten credit standards amid financial sector turmoil
  • Lending slowdown to weigh on US and euro area GDP growth
  • BoC maintains hawkish tilt but is expected to remain on the sidelines
  • Latest hikes by Fed, BoE and RBA could be their last
  • ECB was later to start rate hikes and will likely be later to pause


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RBC Economics, Financial Markets Monthly: Crunch time, May 2023