News Formal

Market participants expect Bank of Canada to hold rates at 4.50% until end of 2023, survey says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The survey, the second iteration of the poll of market participants first released in February, showed a median of the participants forecasting interest rates dropping to 3.00% by the end of 2024

The Bank of Canada will hold interest rates at the 15-year high 4.50 per cent until the end of 2023, before starting to cut rates at the start of next year, a median of market participants said in the central bank’s survey released on Monday.

Market participants in the first survey released in February had said rates would fall to 4.0 per cent by the end of the year. The participants, surveyed from March 9 to 23, cited weaker housing market and tightening of financial conditions among top risks that could curtail Canadian growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What U.S. bank earnings mean for Canada’s big banksDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »

New report shows women's pro sports market is growing, lucrative in CanadaA new report shows women's professional sports leagues are 'significantly underdeveloped' in Canada and explains how investors can tap into the lucrative business.
Source: CTVNews - 🏆 1. / 99 Read more »