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Desjardins On BoC Rogers’ Remarks

CANADA
  • “Overall, we tend to agree with the Senior Deputy Governor. We view the implications of these high interest rates as driving a weaker economy, by redirecting cash to debt service, but not destabilizing to the Canadian financial system.”
  • “That said, we do expect the central bank to be lowering interest rates in 2024, assuming that there’s more progress towards taming excess inflationary pressures in the months to come. That will help limit the possibility of undue stress in the financial system.”
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