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The Bank of Canada is expected to cut by 50bp again this week - preview

Started by forex4you, Dec 10, 2024, 05:13 am

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Dec 10, 2024, 05:13 am
The Bank of Canada is expected to cut by 50bp again this week - preview

RBC 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

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