**As seen in Macro Walk report 02/27/2022, subscribe cablefxm.co.uk/reports
This week, money markets expressed the Bank of Canada as the most aggressive bank in terms of tightening monetary policy, it takes over the RBNZ, which had been leading the group since last year. More interesting, is the FOMC catching up with rate hike bets on the BoE, BoC, and RBNZ.
Overnight index swaps priced in 6 rate hikes from the FOMC by December and 100bps of tightening by July, in line with some desks views
This week we will be hearing from the RBA, the consensus sees no Cash Rate change from the central bank, but communications on a potential 2022 move could add to rate hike expectations (Read a full RBA and BoC Previews here cablefxm.co.uk/reports)
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