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CAD: BoC deputy governor Lane’s speech to watch out for - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that BoC Deputy Governor Tim Lane will speak on the topic “Inflation Targeting—A Matter of Time”.

Key Quotes

“There will be a media lock-up prior to the event, and the speech will be released at 11:30 (ET). While there are unlikely to be immediate policy implications given the proximity to the October interest rate announcement, inflation targeting is at the core of the Bank’s mandate so the speech may shed some light on the Bank’s longer-term thinking on interest rates and the economy. If nothing else, we expect to see the Bank argue strongly in favour of inflation targeting as a basis for monetary policy.”

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