- BoC's Gov. Macklem: The BoC is getting closer to raising interest rates. (CAD strengthened) - ECB's President Lagarde believes that the prerequisites for a rate hike are unlikely to be met by 2022. - ECB's President Lagarde: Inflation will continue to moderate in the coming year, although it will take longer to fall than previously anticipated. !!!!!!!!!!!!!!!!!!!!ECB's President Lagarde: Any tightening measure now would do more harm than good.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! This explains the trade.
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