Bank of Canada Survey Points to Rate Cuts Starting in 2024 as Inflation Slows
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Bank of Canada survey suggests rate cuts to begin in April 2024, with policy rate at 4.75% by year end.
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Two-thirds believe there is economic slack and room to cut rates.
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Most forecast inflation will be 1-3% by end of 2024.
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Survey shows 50% chance of recession in next 6-12 months.
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Cuts forecast based on inflation slowing to 2% target by end of 2025.