Rich Diaz
👤 SpeakerAppearances Over Time
Podcast Appearances
Those are two of my favorite parts, really.
Oh, me?
Bank of Canada.
Bank of Canada held its target for overnight rate 2.25 with the bank rate at 2.5 and the deposit rate at 2.0.
EG, nothing.
They didn't do anything.
We win our loony hour Twinkie bet.
Keith, you have to eat 10 Twinkies.
No, you agreed.
You called for four cuts and three hikes.
No, no, I'm joking.
Yeah, you're right.
You're right.
So, yeah, I mean, yeah, I have not much more to add.
I would just say the one thing that maybe kind of gets lost is that the rise in the five-year and 10-year bond yields that we've seen
have in effect increased, sorry, tightened financial conditions, right?
That makes sense.
When interest rates go higher, it's just the financial conditions get tighter.
And that's what we've seen.
So I think it's good that they look through it.