Sept 23 - Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with recent Reuters poll estimates, though the latest economic data has turned the central bank more hawkish.
Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation. A majority of economists, 24 of 34, polled between Aug. 24-30 expect the BoC to keep its policy rate at the current level of 5% or higher until at least the end of March 2024. The median shows 50 basis points worth of cuts by the end of June next year, in line with expectations for the U.S. Federal Reserve.
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Trudeau expects Canadian interest rates to come down by mid 2024Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation. Trudeau has waded into a sensitive monetary policy debate and past comments on interest rates by his government and other provincial politicians have raised questions about the independence of the central bank.
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Trudeau expects Canadian interest rates to come down by mid 2024(Reuters) - Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with ...
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Trudeau expects Canadian interest rates to come down by mid 2024(Reuters) - Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Trudeau expects Canadian interest rates to come down by mid 2024A majority of economists, 24 of 34, polled between Aug. 24-30 expect the BoC to keep its policy rate at the current level of 5% or higher until at least the end of March 2024
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