RBC Financial Markets Monthly

Central banks move to the sidelines—for now

We are pleased to provide the August 2023 edition of Financial Markets Monthly from RBC Economics. This publication includes a forward-looking analysis of Canadian, US and international financial market trends.

Key highlights

  • Slowing inflation rates allow central banks to pause rate hikes
  • Policymakers are willing to increase rates again if needed
  • A bumpy landing is most likely for Canada and the US
  • GDP declines are expected to start in Q3 (Canada) and Q4 (US)


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RBC Economics, Financial Markets Monthly, August 10, 2023