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Stock impact report

RBA Set to Hold Key Rate to Counter Sticky Prices, Global Risks [Yahoo! Finance Canada]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Most Read from Bloomberg Economists see the Reserve Bank holding the cash rate at 4.35% on Tuesday — and leaving it there until at least February — with the board's statement expected to remain cautiously hawkish. It's likely to highlight the need for restrictive policy given an accompanying update of economic forecasts is set to show core consumer prices staying stubbornly elevated. The inter-meeting period has seen a consolidation of trends: a strong labor market, still-elevated inflation and a deteriorating global backdrop. Geopolitical strains have been at the forefront with North Korean troops joining Russia's war on Ukraine and Israel and Iran conducting missile strikes on each other. Markets are already pricing a return of Donald Trump as president — an outcome that will likely lead to an intensification of trade turmoil. “Globally, there's more uncertainty than usual and coupled with the domestic data, argues for caution and patience from the RBA,” said Su-Lin Ong, chie Show less Read more
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