Bank of Canada officials split on when to start cutting interest rates, summary shows
- Bank of Canada's governing council is divided on the timing of interest rate cuts, with concerns about the pace of reductions when they do occur.
- A rate cut at the next meeting on June 5 is uncertain, as members have differing opinions on when economic conditions will warrant it.
- Dovish members emphasize the need for gradual easing due to economic indicators, while hawkish members believe the Canadian economy is stronger than anticipated, lessening the urgency for immediate rate cuts.
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Total News Sources0
Leaning Left1Leaning Right1Center5Last Updated9 days agoBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
72% Center
14%
C 72%
14%
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