RBC on the Bank of Canada 50bp rate cut, analysts at the bank expect another 50bp cut at the December meeting:
cut was in response to more and more signs that both the economy and the jobs markets are slowing down more than is needed in order hit 2% inflation targetthis cut will not the last, rates are still restricting2025 will bring a more gradual pace of easing, down to 2% by July
Earlier:
Bank of Canada is out of touch, “didn’t grasp the challenges facing the Canadian economy”
This article was written by Eamonn Sheridan at www.forexlive.com.
