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CIBC sees the Bank of Canada cutting rates by 150 basis points next year

The Bank of Canada left rates unchanged today at 5.00% but maintained a hawkish bias. CIBC thinks current rates will be enough to restrain inflation as mortgage resets work their way through the economy."We'll stick to our view that the Bank of Canada has already delivered enough rate hikes to keep growth under wraps, and bring inflation down on a somewhat faster trajectory than its latest forecasts. That good news on the inflation front, and not so good news for growth, should be sufficient to... Read More

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Posted: Oct 25 2023, 19:48

Author Name: forexlive

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