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Wide Range Of Analyst Rate Cut Expectations

CANADA
  • The Bloomberg analyst survey, collected through Jan 19-24 and so possibly not fully reflecting BoC guidance from Jan 24, nevertheless offers an interesting dispersion of rate cut views over the next two years.
  • The median view is for 100bp of cuts this year, starting in June (both as priced).
  • UBS meanwhile stood out as the most dovish, looking for 250bps of cuts in 2024 alone, whilst JPM were at the other end with just 50bps before 100bps in 2025.

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