Bank of Canada Pauses for 3rd Straight Meeting amid Sticky Core Inflation, Resilient Economy and Uncertain Trade Row Impact on Growth, Prices
–BOC Keeps Policy Rate at Roughly Neutral 2.75% After 7 Rate Cuts Totaling 225 Basis Points from June 2024 Until March 2025BOC: May Need a Rate Cut If Slower Growth, Easing Trade Friction Lead to More Controlled Inflation–Governor Macklem: Still Proceeding Carefully, Hard to Be as Forward-Looking as Normal–Mackem: Taking Policy Decision One Meeting at […]
Preview: Bank of Canada Set to Pause for 3rd Straight Meeting amid Sticky Core Inflation, Uncertainty over US Trade Row Impact on Growth, Costs
–BOC Widely Expected to Keep Policy Rate at 2.75% Wednesday After 7 Rate Cuts Totaling 225 Basis Points from June 2024 Until March 2025–Focus is on Whether Bank will Continue to ‘Proceed Carefully’ and Remain ‘Less Forward-Looking Than Usual’ By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy […]
Bank of Canada Pauses for 2nd Straight Meeting amid Trade War Uncertainty; Focused More on Firmer-Than-Expected Core Inflation, Sturdier GDP Growth
–BOC Keeps Policy Rate at 2.75% After 7 Rate Cuts Totaling 225 Basis Points from June 2024 Until March 2025–Governor Macklem: Only Forward Guidance Is: ‘Proceeding Carefully,’ Less Forward-Looking Than Usual–Mackem: CAD Weakness Lifted Import Costs but Recent Rebound to 72-73 Cents Vs. USD Should Reverse It By Max Sato (MaceNews) – The Bank of […]
Preview: Bank of Canada Seen Keeping Policy Rate at Nearly Neutral 2.75%, Staying Cautious Until Trade War Fog Clears Up
By Max Sato (MaceNews) – The Bank of Canada on Wednesday is largely expected to maintain its policy interest rate – the target for overnight lending rates – at a nearly neutral level of 2.75%, pausing for the second straight meeting until bank officials can figure out exactly how trade conflicts are hurting growth and […]
Bank of Canada Keeps Policy Rate at 2.75%, to ‘Proceed Cautiously’ While Watching Both Upside, Downside Inflation Risks from Trade War
–Governor Macklem: To Remain Less Forward-Looking Than Usual ‘Until Situation Is Clearer’–Mackem: Prepared to Act ‘Decisively’ If Information Points Clearly in One Direction–Macklem: Governing Council Discussed Both Holding Rates Steady and Cutting by 25 Basis Points as in March–Senior Deputy Governor Rogers: Some Are More Optimist about Trade Rows Being Resolved but There Is ‘Clear […]
Bank of Canada Continues to Provide Measured Rate Relief Amid High Uncertainty over Growth, Inflation Triggered by Trade War
–BOC Trims Policy Rate By 25 Basis Points To 2.75% in 7th Straight Rate Cut as Widely Expected–Governor Macklem: Governing Council Will Proceed ‘Carefully’ with Any Further Changes to Policy Rate–Macklem: Council Didn’t Seriously Consider 50-Basis Point Cut Due to Uncertainty Over When and How Much Trade War Will Boost Prices–BOC Surveys: Threats of New […]
Preview: Bank of Canada Set to Lower Policy Rate Further to 2.75% Today; More Cuts Expected amid High Uncertainty Created by Trump Tariffs
By Max Sato (MaceNews) – The Bank of Canada on Wednesday is widely expected to trim its policy interest rate – the target for overnight lending rates – by another 25 basis points to 2.75% from 3.0%, conducting its seventh straight rate cut, first to ease the pain of high borrowing costs caused by its […]
Bank of Canada Slows Rate Cut Pace to 25 Basis Points, Instead of Pausing amid Easing Inflation, in Pre-Emptive Strike Against Fallout from Trump Tariffs
–BOC Decides to End Quantitative Tightening; To Restart Asset Purchases in Early March–Governor Macklem: We Are Long Way from Needing Quantitative Easing–Macklem: USD/CAD Affected More by US Trade Policy Uncertainties Than by BOC’s Cumulative Rate Cuts By Max Sato (MaceNews) – The Bank of Canada trimmed its policy interest rate – the target for overnight […]
Preview: Bank of Canada Set to Slow Its Rate Cut Pace to 25 Basis Points Wednesday While Seeking Shelter from Imminent US Import Tariff Storm
By Max Sato (MaceNews) – The Bank of Canada is widely expected to trim its policy interest rate – the target for overnight lending rates – by a “more gradual” pace of 25 basis points to 3.0% on Wednesday in a pre-emptive move to help shield the economy from the threat of stiff tariffs on […]
Bank of Canada Cuts Policy Rate by Another Jumbo 50 Basis Points as Expected; Governor Sees ‘More Gradual’ Approach Toward Future Rate Cuts
–BoC Repeats: Will Take Policy Decisions One Meeting at a Time–Governor Macklem: Discussed Both Options of 25 and 50 Basis Point Cuts amid Mixed Economic Data–Macklem: Further Rate Cuts to Be More Gradual Than 2 Consecutive 50-Bps Cuts; Deliberately ‘Pretty Wide Zone’ By Max Sato (MaceNews) – The Bank of Canada on Wednesday lowered its […]