In a recent poll, Reuters learned economists believe the Bank of Canada will keep its key interest rate steady at 4.5% through the end of the year.
Reuters Poll: Bank of Canada will stay put this year, rate cuts unlikely
06 April 2023, 3:45 pm 1 minute
Markets still expect more than 50 basis points of cuts, pricing fueled by fears last month over stresses in the U.S. and European banking sector, despite Canada’s economy and labor market performing better than expected.
Topics of Interest: Economy
Type: Reuters Best
Sectors: Business & FinanceEconomy & Policy
Win Types: Exclusivity
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Significant National Story