Bank of Canada done raising rates, 40% chance of cut by end-2020: Reuters poll

BENGALURU - The Bank of Canada is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.

All 40 economists in the latest poll taken May 21-23 said Governor Stephen Poloz and fellow policymakers would hold rates at 1.75% at the May 29 meeting. “If growth fails to show any convincing signs of a rebound in 2H19, we think the risks of rate cuts will increase, and given our sluggish outlook, we place a subjective 40% probability that the BoC will deliver at least one 25 basis point rate cut over the next 12 months.”

But there are still some forecasters who expect the BoC to raise rates again. Out of the 30 contributors who provided an end-2020 view, 11 forecast a hike by the end of next year, including four respondents who expect two.

manakawan sana kayo mga canadians

Give unto Caesar what is Caesar's and give unto God what is God and I am God In the Flesh

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa to keep interest rates on hold on May 23: Reuters pollSouth Africa's Reserve Bank will leave interest rates unchanged next week a...
Source: Reuters - 🏆 2. / 97 Read more »

Australia's central bank shifts to clear easing bias, onus on employment to improveAustralia's central bank is set to cut interest rates if the labor market f... Employment cant be imporved under the rule of white supremacist slave traders, sorry. They are all about paying people NOTHING and taking jobs when they have a tantrum Of course if it favors the rich screw the currency
Source: Reuters - 🏆 2. / 97 Read more »