- There was a strong consensus for a 25 bps cut
- We did discuss scenarios where it would be appropriate to cut at a slower pace or by 50 basis points
USD/CAD was trading at 1.3513 at the start of the press conference and the market was pricing in a 93% chance of another 25 bps cut in October.
This article was written by Adam Button at www.forexlive.com.
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