BOC Instant Answers For Rate Decision

Following are the Instant Answers for the Bank of Canada decision.

• Overnight Rate Target: 4.25%
• Does the Bank say it’s reasonable to expect further rate cuts?  Yes
• Does the Bank say it expects the pace of loosening policy to be measured, patient or slow? No
• Does the Bank say it wants to assess the impact of its rate reductions so far? No
• Does the Bank say it may be nearing the point where it stops or pauses rate cuts, or where officials have provided enough relief to the economy? No
• Does the Bank say there are growing signs of labor market weakness? Yes
• Does the Bank say there’s a risk that inflation undershoots the target? Yes