Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Agency: Information from the Bank of Canada indicates that it will maintain a steady pace of interest rate cuts

Agency: Information from the Bank of Canada indicates that it will maintain a steady pace of interest rate cuts

CointimeCointime2024/09/05 03:42
By:Cointime

Tony Stillo and Michael Davenport from the Oxford Economic Research Institute stated that the Bank of Canada's interest rate cut today did not completely abandon previous information, that is, interest rate cuts will be decided on a meeting-by-meeting basis, and it still emphasized concerns about rising inflation in housing and services. Analysts believe that this means that the possibility of a significant 50 basis point interest rate cut does not currently exist. However, as the Bank of Canada refocuses on downside risks, economic weakness and inflation slowing will prompt the Bank of Canada to advance with 25 basis point interest rate cuts in October and December. Such a stable pace should be able to bring the policy rate down to 2.25% before September 2025, which is the lower limit of the expected neutral rate of the Bank of Canada.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Meta Eyes Stablecoin Payments After Crypto Hiatus

Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Coinomedia2025/05/09 14:00
Meta Eyes Stablecoin Payments After Crypto Hiatus

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges

Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

Coinomedia2025/05/09 14:00
Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges