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BOC: Planned BOC Instant Answers From Rate Decision

BOC

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

  • Overnight Rate Target 5.0%
  • Does the Bank say it may need to raise interest rates further? No
  • Does the Bank signal it could lower interest rates? Not Answered
  • Does the Bank say monetary policy needs to stay the course or remain patient? Not Answered
  • Does the Bank say it’s too soon to actively discuss cutting rates? No
  • Does the Bank lower its 2024 inflation forecast (it was 2.8%)? Yes, 2.6%
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Following are the Instant Answers for the Bank of Canada decision:

  • Overnight Rate Target 5.0%
  • Does the Bank say it may need to raise interest rates further? No
  • Does the Bank signal it could lower interest rates? Not Answered
  • Does the Bank say monetary policy needs to stay the course or remain patient? Not Answered
  • Does the Bank say it’s too soon to actively discuss cutting rates? No
  • Does the Bank lower its 2024 inflation forecast (it was 2.8%)? Yes, 2.6%