US EditionBank of Canada expected to cut interest rates after last-minute inflation report
- The Bank of Canada is overwhelmingly expected to cut its policy rate by a quarter point to 2.5% on Wednesday due to a weak economy.
- Economists forecast August inflation at 2%, up from 1.7% in July, influenced by rising energy and food prices amid counter-tariffs on items like orange juice.
- While the Bank previously thought it was done cutting rates, economists now expect another quarter-point cut in October to bring the policy rate to 2.25%, the bottom of its neutral range.
21 Articles
21 Articles
The central bank could lower its key rate on Wednesday.
The Bank of Canada must deal with a last-minute inflation report, a change in Ottawa's tariff position and a continuing uncertainty about the government's spending plans before making its decision on interest rates on Wednesday.
Winnipeg Free Press
Bank of Canada expected to cut interest rates after last-minute inflation report
Breaking News, Sports, Manitoba, Canada
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
This Wednesday, September 17 will bring another Bank of Canada (BoC) interest rate announcement, and the third-last of the year. The country is going into this decision with a policy rate of 2.75%, held steady at this level since March of this year.Although there wasn’t much mystery leading up to the Bank’s last announcement in late July — it culminated in a third-straight hold, as anticipated across the board by economists with Canada’s ‘Big Fi…
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