• There was a strong consensus for a 25 bps cut
• We did discuss scenarios where it would be appropriate to cut at a slower pace or by 50 basis points

USD/CAD was trading at 1.3513 at the start of the press conference and the market was pricing in a 93% chance of another 25 bps cut in October.

This article was written by Adam Button at www.forexlive.com.