Daily Alert: Bank of Canada becomes first to signal a shift in tone

  • Overnight, bond yields eased back in Europe but are up in North America, as the Bank of Canada became the first major central bank to signal a move away from a dovish tone.
  • Locally, yesterday’s marquee event was the NZ CPI data for Q1, which threw up few surprises for markets.
  • Overnight, the ECB meeting will be the key event, with markets expecting policy settings to remain unchanged.


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