“Strong consensus” within the BoC Governing Council on the need for a 50 basis point reduction in October Debt Guru

“Strong consensus” within the BoC Governing Council on the need for a 50 basis point reduction in October

 Debt Guru

The six-member Council based the decision on clear signs that inflation had stabilized near target levels and emerging concerns about weak economic growth and slowing employment. According to the summary of the Governing Council’s deliberations at the October 23 rate meeting, “as members considered the benefits of reducing the policy rate by 25 basis points, … Read more

Bank of Canada should cut rates by 100 basis points before taking a pause, financial experts say Debt Guru

Bank of Canada should cut rates by 100 basis points before taking a pause, financial experts say

 Debt Guru

This is according to the Bank of Canada’s latest quarterly survey of market participants, which consists of a questionnaire sent to 28 influential players in the financial markets. Based on the median of the results, respondents estimate that the central bank will make four additional quarter-point cuts by June 2025, bringing the policy rate to … Read more