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MNI INTERVIEW: BOC 'Hard Discussion' On 50BP Cut- Ex Staffer

Former BOC staffer David Dupuis reviews how fast Canadian monetary policy returns to neutral.

MNI (OTTAWA) - The Bank of Canada will keep cutting interest rates well into next year and officials will consider half-point reductions if necessary, former BOC staffer David Dupuis told MNI. 

“The path for interest rates is steady, gradual decline all the way up to the spring more likely than not,” according to Dupuis, who also spent a year as an economist at Canada's finance department and now teaches at the University of Sherbrooke. 

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MNI (OTTAWA) - The Bank of Canada will keep cutting interest rates well into next year and officials will consider half-point reductions if necessary, former BOC staffer David Dupuis told MNI. 

“The path for interest rates is steady, gradual decline all the way up to the spring more likely than not,” according to Dupuis, who also spent a year as an economist at Canada's finance department and now teaches at the University of Sherbrooke. 

Keep reading...Show less