July 22, 2024 18:14 GMT
Most Analysts Look For A BoC Cut This Week
CANADA
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- Most of the analyst we surveyed expect a second 25bp rate cut this week but a few acknowledge it's a closer call than market pricing implies.
- See summaries of their views and what to look out for in official commentary in the MNI BoC Preview here.
The Bloomberg survey of analysts meanwhile, conducted between 12-17 July so possibly not fully capturing the BOS (July 15) and CPI (July 16) releases, shows analysts are mixed between a 4.00% and 4.25% end-2024 rate.
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