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Median Analyst Looks For First BoC Cut In Mid-2024

CANADA
  • Ahead of Wednesday's BoC decision, Bloomberg’s survey of analysts came at a convenient time even if its sample period of Oct 13-18 meant some potential replies before softer than expected CPI on Oct 17.
  • It showed a collection of analysts looking at April 2024 for a first potential cut, but with the median expectation not until Nov 2024.
  • You can find more detailed views from some of these analysts, as well as what to watch for in the BoC's statement and Monetary Policy Report in the MNI BoC Preview here: https://marketnews.com/markets/pdfs/mni-boc-preview-oct-23-expecting-a-hawkish-watch-and-wait

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