BoA forecasts the Bank of Canada to initiate rate cuts in June 2024

BoA forecast the Bank of Canada to begin its rate cut cycle in june of 2024.

On Wednesday we had the BoC decision:

BoA sees the first cut in June 2024

  • then to 3.75% by the end of 2024
  • citing inflation to further decelerate towards target

BoA cites risk to their view as:

  • earlier than June cuts
  • more cuts than the expert
  • perhaps both


The next meeting is in late January:

This article was written by Eamonn Sheridan at Source