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
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The next meeting is in late January:
This article was written by Eamonn Sheridan at www.forexlive.com. Source