All Eyes on the BoC This Week for Any Hints on When It Plans to Cut Interest Rates
Published on January 21, 2024
As the Bank of Canada gears up to announce its next interest rate decision on Jan. 24, economists will be on the lookout for any clues on when it plans to start cutting interest rates. Overall, Jan. 24 shouldn’t bring any big surprises. The central bank is widely expected to continue holding its key interest rate steady at five percent, the same as it has at its last three interest rate announcements. But as the economy continues to slow and forecasters anticipate a steady decline in inflation, economists are eagerly watching for signs from the Bank of Canada that it’s ready to pivot....