The Bank of Canada is expected to cut by 50bp again this week - previewRBC expect the Bank of Canada to cut its benchmark rate by another 50bp at its meeting on Wednesday, December 11, 2024:
- adding to a 50 bps cut in October and 125 bps in total cuts since June
- We continue to expect that additional interest rate cuts will be needed in the year ahead with the overnight rate ultimately falling below the Bnk's neutral range estimate at 2% in mid-2025
Earlier previews:
Macklem will speak at 1530 GMT, 1030 Eastern time.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: The Bank of Canada is expected to cut by 50bp again this week - preview (https://www.forexlive.com/centralbank/the-bank-of-canada-is-expected-to-cut-by-50bp-again-this-week-preview-20241209/)
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