Reported about 1 month ago
Economists project a clear strategy for the Bank of Canada with inflation nearing normal levels, forecasting a series of quarter-point interest rate cuts into next year. The consensus suggests five consecutive cuts to lower the benchmark overnight rate to 3.25%, with expectations of a pause in April and potential rate hikes resuming in 2026. Confidence among economists indicates a gradual return to the bank's 2% inflation target by 2025, despite differing opinions on the necessity of larger cuts.
Source: YAHOO