Deloitte Canada economist shares forecast of 75 basis points interest rate cuts in 2024, with first reduction in June.
Senior economist at Deloitte Canada, Dawn Desjardins, shares insights on how recent inflation data may affect Bank of Canada's interest rates. Deloitte's forecast suggests a total of 75 basis points in interest rate cuts in 2024, with the first reduction in June and two more cuts expected in the second half of the year. This analysis may guide investors and financial institutions in navigating Canada's economic landscape.
May 25, 2024
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