FX Expert Funded

RBC expects another Bank of Canada rate cut in July

RBC says the decision for the Bank of Canada to cut rates as the country has underperformed global peers on a per-capital basis for more than a year. Theyalso say that’s why it’s easier to envision the BOC on a sharper path of easing than other G10 central banks.

They envision the Bank of England cutting in August but expect a slow pace after that, with only 100 bps by the end of 2025 and a similar pace from the ECB. They don’t see the Fed easing until December.

For the Bank of Canada, they envision a second 25 basis point cut in July, something I talked about yesterday on BNNBloomberg.

Market pricing currently reflects 55 basis points in further easing in Canada this year.

This article was written by Adam Button at www.forexlive.com.

Leave a Comment

Your email address will not be published. Required fields are marked *

Call Now