Canadian market participants see rates staying at 5 per cent in 2023: BoC survey

Italia Notizia Notizia

Canadian market participants see rates staying at 5 per cent in 2023: BoC survey
Italia Ultime Notizie,Italia Notizie

The Bank of Canada will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday.

The Bank of Canada will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday.

In the previous survey released in April, when the BoC's key policy rate was at 4.50 per cent, median expectation was for a rate cut in January. Money markets still see a chance for another rate hike this year. 0#BOCwatch Earlier this month, the BOC said there was excess demand in the economy as it raised its GDP forecast and extended the timeline for inflation to return to the bank's two per cent target.

 

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Majority of Canadian market participants see central bank holding rates at 5% in 2023: surveyMajority of Canadian market participants see central bank holding rates at 5% in 2023: surveyThe Bank of Canada’s survey showed a median of the participants forecasting interest rates dropping to 3.50% in the fourth quarter of 2024
Leggi di più »



Render Time: 2025-01-09 20:28:35