Two Central Banks To Discuss Interest Rates This Week

This week is the RBA on Tuesday and the Bank of Canada on Wednesday to discuss interest rates. The focus of the market is definitely on the Bank of Canada. Although the Canadian trucks are waiting for the opportunity to block the road earlier, its impact on the local economy is still unknown, but it is expected that the market is expected to raise interest rates by 0.25% this week. If once the interest rate is raised, the Canadian dollar interest rate will climb to the half-percent level. As for the Reserve Bank of Australia, since its Governor Lowe raised the possibility of raising interest rates this year at the February interest rate meeting, the market is now concerned about whether Lowe will give the market further inspiration for the bank to raise interest rates this year.