18 May 2015
Dovish tone from BoC tomorrow? – TDS
FXStreet (Edinburgh) - Strategist Richard Kelly at TD Securities sees the likeliness of a dovish tone in tomorrow’s speech by Governor Poloz’s.
Key Quotes
“Governor Poloz will give a speech on the topic of “The Way Home: Reading the Economic Signs”.
“The timing (the day before the Bank enters its blackout ahead of the May 27th meeting) and the topic will make this an important speech”.
“We anticipate the Governor will be forced to temper some of his recent optimism on the outlook given the string of disappointing data and the deteriorating in financial conditions”.
Key Quotes
“Governor Poloz will give a speech on the topic of “The Way Home: Reading the Economic Signs”.
“The timing (the day before the Bank enters its blackout ahead of the May 27th meeting) and the topic will make this an important speech”.
“We anticipate the Governor will be forced to temper some of his recent optimism on the outlook given the string of disappointing data and the deteriorating in financial conditions”.