The RBA has kept interest rates on hold. Here's why it'll be cautious from here on 
The yen plunges to 34-year low despite interest rate hike 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
Bank of England interest rate rise: why this could be the last increase for a while 
Market attention will focus on the BoC meeting this Wednesday. The effects of low oil prices are still being felt on the economy, which officially slid into recession in Q2. Despite decent behavior of consumption and a still-resilient labor market, which will likely be highlighted by the BoC, there are significant downside risks to economic activity.
Continued weakness in the energy sector has depressed investment, which is expected to remain subdued for the rest of the year. Weakness in the price of commodities is expected as nervousness about China dominates the price action.
Canadian oil producers face very high extraction costs, and tight margins due to low oil prices will likely continue to slow capital expenditure, hurting aggregate investment even further.
The BoC will likely highlight the brighter side of the picture, and we expect it to keep its overnight lending rate unchanged at 0.5% (consensus: 0.5%).
With no other major data releases, the looney should remain range-bound, with downside risks due to oil price movements and concerns about the global outlook.
