Posted 4/7/2024, 10:27:19 PM
Bank of Canada Likely to Hold Rates Steady But Could Foreshadow Cuts Ahead Amid Slowing Economy
- Bank of Canada expected to hold interest rates steady this week, but could signal a shift towards rate cuts in coming months
- Inflation has eased back into the Bank's 2% target range recently
- High rates are slowing the economy - jobs and GDP growth weaker
- Bank may raise estimate of "neutral rate" of interest rates in new forecast
- Policy diverging from that of the U.S. Fed; Canada could cut rates before U.S. does
