RSS The Bank of Canada is expected to cut by 50bp again this week - preview

Currently reading:
 RSS The Bank of Canada is expected to cut by 50bp again this week - preview

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,784©
Cash
0$
RBC expect the Bank of Canada to cut its benchmark rate by another 50bp at its meeting on Wednesday, December 11, 2024:

  • adding to a 50 bps cut in October and 125 bps in total cuts since June
  • We continue to expect that additional interest rate cuts will be needed in the year ahead with the overnight rate ultimately falling below the Bnk's neutral range estimate at 2% in mid-2025

Earlier previews:


Macklem will speak at 1530 GMT, 1030 Eastern time.

This article was written by Eamonn Sheridan at www.forexlive.com.
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom