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.