Based on the last 12 BoC Interest Rate Decision events in Canada, we expect 6M to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect 6M to trend downwards 12 hours following the event release at 27 Oct 14:00 if the released value is = 0.25%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 14:00 |
14 Jul 14:00 |
09 Jun 14:00 |
21 Apr 14:00 |
09 Dec 15:00 |
15 Jul 14:00 |
03 Jun 14:00 |
15 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
