MNI China Daily Summary: Wednesday, June 19

MNI BRIEF: Rate Changes Affect Eurozone More Than US Firms-ECB

MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

MNI: US NAHB HOUSING MARKET INDEX 43 IN JUN

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Former BOC Governor Sees 1 or 2 More Cuts This Year

(MNI) OTTAWA
OTTAWA (MNI)
Bank of CanadaPolicy NewsHomepageCentral Bank NewsCanada Bank of Canada Market NewsBriefStoryRegionNorth America

The Bank of Canada will lower interest rates once or twice more later this year following last week's quarter-point to cut 4.75% as inflation moves back towards target, former Governor David Dodge said Thursday.

“Like the Bank of Canada, we think Canadian inflation will continue to decline slowly in 2024 and 2025,” Dodge said while giving a webinar for the Bennett Jones law firm where he's now an adviser. Dodge, the Governor from 2001 to 2008, said the BOC will reduce the policy rate further to 3.75% in 2025 "and then to stabilize at a new higher neutral rate of about 3% in 2026."

Keep reading...Show less
135 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.

The Bank of Canada will lower interest rates once or twice more later this year following last week's quarter-point to cut 4.75% as inflation moves back towards target, former Governor David Dodge said Thursday.

“Like the Bank of Canada, we think Canadian inflation will continue to decline slowly in 2024 and 2025,” Dodge said while giving a webinar for the Bennett Jones law firm where he's now an adviser. Dodge, the Governor from 2001 to 2008, said the BOC will reduce the policy rate further to 3.75% in 2025 "and then to stabilize at a new higher neutral rate of about 3% in 2026."

Keep reading...Show less