the economy too much. to dicsuss this further i m nowjoined by the bank of england 5 former head of international surveillance, katharine neiss. she is now the chief european economist for pgim fixed income. good to have no surprise that interest rates are still rising. do you think that this is it? ~ , . ., ., is it? the banker very clear today that if inflation is it? the banker very clear today that if inflation remains - is it? the banker very clear today that if inflation remains resilientl that if inflation remains resilient at higher levels, then they could see interest rates are going higher from here. that said, to me, the really big message coming out of the bank of england today was, even in the absence of further rises in interest rates, they really see these higher interest rates that we have seen more recently as he had to say for quite some time. yes. have seen more recently as he had to say for quite some time. say for quite some time. yes, and this is taming say f
The BoC have followed the RBA and surprised with a 25bps hike. The Bank did remove language hinting at further hikes if needed. Is it the end of the hiking cycle from the BoC?
Dollar strengthens as investors await U.S. inflation data and Fed's interest rate decision. Canadian dollar surges after rate hike, while trade deficit widens.