Bank of Canada sees potential for rate cuts this year, with differing opinions on timing.
Bank of Canada sees conditions for rate cuts this year according to a summary of deliberations; officials are split on timing. Governor Tiff Macklem and his deputies kept the policy rate steady at 5% on March 6, with reservations. The summary shows that the Bank of Canada believes it will be appropriate to cut interest rates this year if the economy develops as expected, but there is disagreement among members on the likely timeline.
March 20, 2024
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