OTTAWA (Reuters) -The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though Governor Tiff Macklem indicated that further cuts would be more gradual and said he does not expect a recession. Canada's economy has been...
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“In terms of the terminal level of interest rates, we think the BoC will cut to two per cent by July next year, stimulative and a touch below the lower bound of the (Bank of Canada’s) own estimates of (a) neutral rate at 2.25 per cent to 3.25 per cent,” she said in a note...
Bank of Canada governor Tiff Macklem hinted that even higher rates may be coming, because of inflationary pressure. "This tightening phase will draw to a close. We are getting closer, but we are not there yet," Macklem said in prepared remarks ahead of a news conference. “In...
The Bank of Canada (BoC) recently announced another rise in interest rates, up to 4.5%, or up 25 basis points from 4.25% on December 7, 2022. While this is the smallest rise in interest over the past year, interest rates will stay high for the foreseeable future ...
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25. Here is the latest data for the central bank's rate decisions since March 2022— when it started raising rates to curb inflation before cuts began in June 2024— and the inflation rate for each month. Source: Bank of Canada, Statistics Canada Bank of Cana...
“At the time of the April interest rate decision, the Bank of Canada Governor stated that policymakers were encouraged by recent subdued inflation readings, but needed those to persist for longer before cutting interest rates,” he wrote in a note to clients. ...