Historical Central Bank Rate for US and Canada Watch PredictionsThese are the predictions of the US versus Canadian Bank Rates over the next 12 months and historical bank rates graphed over the past 8 years.
• Weaker U.S. growth and the strong Canadian
dollar are posing downside risk to Canada's economy
and have prompted the Bank to cut interest
rates by a cumulative 50 basis points in December-
January.
dollar are posing downside risk to Canada's economy
and have prompted the Bank to cut interest
rates by a cumulative 50 basis points in December-
January.
• Another 100 basis points in rate cuts are expected
by mid-year to offset the downside risks and
help the economy weather the market turmoil.
Bank of Canada
by mid-year to offset the downside risks and
help the economy weather the market turmoil.
Bank of Canada
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A. Mark Argentino
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Thanks for the interesting post!
ReplyDeleteHello Alexander, Yes, should be interesting to see if the Bank of Canada follows the expected rate decreases.
ReplyDeleteCheck back in the fall!
Mark