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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