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 […]
Preview: Bank of Canada Seen Set to Trim Key Interest Rate by Another 50 Basis Points to 3.25% Wednesday, Likely to Signal More Cuts Coming to Prop Up Economy
By Max Sato (MaceNews) – The Bank of Canada is widely expected to slash its policy interest rate – the target for overnight lending rates – by yet another large-sized 50 basis points to 3.25% on Wednesday to safeguard the economy from the chilling effects of its own 17-month rate hike campaign through mid-2023 aimed […]
Bank of Canada Cuts Policy Rate by 50 Basis Points to 3.75% on Easing Inflation, Cooling Economy as Expected, Leaves Door Open for More Cuts
–BoC Repeats: Will Take Policy Decisions One Meeting at a Time –Governor Macklem: We Are Now Equally Concerned About Inflation Coming in Higher or Lower Than Expected –Macklem: Now Our Focus Is To Maintain Low, Stable Inflation; Need To Keep Inflation Where It Is By Max Sato (MaceNews) – The Bank of Canada on Wednesday […]
Bank of Canada Trims Policy Rate Further by 25 Basis Points to 4.50% on Easing Inflation, Cooling Economy; Leaving Door Open for More Cuts
–BoC: Excess Supply Lowers Inflationary Pressures but Shelter, Some Other Services Holding Inflation Up–Governor Macklem: Downside Risks Taking on Increased Weight in Monetary Policy Deliberations–Macklem: Need Growth to Pick Up So Inflation Does Not Fall Too Much, Even as We Work To Get Inflation Down To 2% Target By Max Sato (MaceNews) – The Bank […]
Preview: Gradual Easing in Inflation, Softer Economic Climate Raise Odds of Bank of Canada Rate Cut Next Week
By Max Sato (MaceNews) – Sticky but easing inflation, rising unemployment and slower growth prospects have raised the possibility that the Bank of Canada’s policymakers will lower the short-term interest rate target next week, following up on their initial rate cut last month. The CPI report for June released Tuesday showed the annual inflation rate […]
Bank of Canada Q2 Survey: Business Outlook Remains Pessimistic amid Weak Demand, High Interest Rates, Leading to Slower Capex
Bank of Canada survey shows inflation expectations down
Bank of Canada Cuts Policy Rate by 25 Basis Points to 4.75% as Widely Expected amid Easing Inflation, Slower Growth
Bank of Canada cuts interest rates
Preview: Bank of Canada Set to Cut Policy Rate by 25 Basis Points amid Signs of Easing Inflation, Slowing Economic Activity
By Max Sato (MaceNews) – The Bank of Canada is widely expected on Wednesday to lower its policy interest rate — the target for overnight lending rates — by 25 basis points to 4.75% to help reduce high mortgage rates and other borrowing costs in light of easing inflation and slower economic growth, but some […]