RBC analysts anticipate another 50bp rate cut in December from the Bank of Canada

RBC on the Bank of Canada 50bp rate cut, analysts at the bank expect another 50bp cut at the December meeting:

• cut was in response to more and more signs that both the economy and the jobs markets are slowing down more than is needed in order hit 2% inflation target
• this cut will not the last, rates are still restricting
• 2025 will bring a more gradual pace of easing, down to 2% by July

Earlier:

• Bank of Canada is out of touch, “didn’t grasp the challenges facing the Canadian economy”

This article was written by Eamonn Sheridan at www.forexlive.com. Source