Free Trial

MNI BOC WATCH: Third Cut Expected; Macklem Seen Signaling More

Inflation has yet to show bumpiness on the way back to target, perhaps allowing more cuts into next year.

MNI (OTTAWA) - Canada's central bank will lower interest rates for a third consecutive meeting on Wednesday and likely signal more relief is coming as inflation moves back to target and the economy lags policymakers' third-quarter forecasts.

The overnight rate is seen falling another quarter point to 4.25% in a decision due 9:45am EST, according to all 22 economists surveyed by MNI. 

Keep reading...Show less
609 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (OTTAWA) - Canada's central bank will lower interest rates for a third consecutive meeting on Wednesday and likely signal more relief is coming as inflation moves back to target and the economy lags policymakers' third-quarter forecasts.

The overnight rate is seen falling another quarter point to 4.25% in a decision due 9:45am EST, according to all 22 economists surveyed by MNI. 

Keep reading...Show less