It’s time to prepare for the upcoming BoC Interest Rate Decision. Interest rates have remained unchanged across the major central banks for all of 2021. This is no surprise given how the pandemic has affected the global economy.
Analysts are again forecasting no change in interest rates at the June 2021, meeting.
Holding the Interest Rate steady like this has led to pretty flat trading during these times, with only minimal spikes in price. Traders hoping to trade these events may be left disappointed.
Interest Rate Decisions always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.
Do you trade central bank interest rate decisions?
If you plan to trade The BoC Interest Rate Decision, Tweet us how you plan to trade safe!
Brought to you by Darwinex: UK FCA Regulated Broker, Asset Manager & Trader Exchange where Traders can legally attract Investor Capital and charge Performance Fees.