**As seen in Macro Walk report 09/02/2022, subscribe at cablefxm.co.uk/reports
This week we will hear from the RBA, BoC and ECB. The RBA is seen hiking rates by 50bps, the BoC is seen delivering a 75bps rate hike, while the ECB is priced in for a move of the same amount, however, desks seem split in this matter
The RBA is priced in to deliver 6 more standard rate hikes this year, this would be the equivalent of 140bps. Such a move would take the Cash Rate above 3.0% for the first time since 2012.
The Bank of Canada is seen delivering 130bps of additional tightening in 2022, the overnight rate is expected to reach 4.0% by mid-2023. Overnight index swaps see the BoC slowing down pace after September, with moves of 25bps
ECB is in a more challenging spot as markets price in more aggressiveness from the central bank, with cumulative 170bps expected by year-end, up from 145bps seen the week before. Rates are seen reaching 2.0% by May, however, the bank will update its growth and inflation forecasts this week, these will bring further colour and determine if the bank will match market expectations
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