🏦📊Interest Rate Probabilities: CAD, AUD
- Rosbel Durán
- Dec 5, 2021
- 1 min read
**As seen in Macro Walk report 12/03/21, subscribe at cablefxm.co.uk/reports
Next week's central bank docket starts with the RBA monetary policy decision, the bank is seen leaving monetary policy unchanged. We have seen a reduction of hiking bets in G10 central banks and RBA is no exception. The cash futures market is not pricing a move anytime soon, with only half a hike seen by July 2022
Even after the re-pricing in G10 central bank hawkishness, the BoC is seen moving by March lifting its overnight rate to 0.5%, no change is expected by next week. The overnight indexed swap market prices a terminal rate of 1% by July 2022
AUD/CAD spot lost the 0.90 handle last week, trades down almost 8% YTD
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