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Bank of Canada expects to cut interest rates this year, but governing council split on timing https://t.co/i8JzRBbhH1
🇨🇦 Bank of #Canada Expects Rate Cut Conditions to Emerge This Year - Bloomberg https://t.co/PuJ4lr40iJ
⚠️ BANK OF CANADA SAYS CONDITIONS FOR RATE CUTS SHOULD EMERGE THIS YEAR Full Story → https://t.co/DfgeW7WrkE Bank of Canada (BoC) governors agreed earlier this month that conditions for rate cuts should materialise this year if the economy evolved as forecast, a document… https://t.co/yEBbDrSPIM
Bank of Canada (BoC) officials are divided on the timing of rate cuts, with differing views on when conditions for cuts would be in place. Recent housing market data suggests shelter price inflation will likely remain a significant contributor to total CPI inflation. BoC expects rate cut conditions to emerge this year if the economy evolves as forecasted.
