Economists Expecting Sixth Straight—but More Modest—Rate Cut From Bank of Canada

Economists Expecting Sixth Straight—but More Modest—Rate Cut From Bank of Canada
Bank of Canada governor Tiff Macklem speaks at the Greater Vancouver Board of Trade in Vancouver, on Dec. 16, 2024. The Canadian Press/Ethan Cairns
The Canadian Press
Updated:

Economic forecasts suggest the Bank of Canada will likely lower its key policy rate by a quarter of a percentage point on Wednesday in light of recent inflation and jobs data, bringing it down to three percent.

The quarter-point cut would mark a slowdown from the central bank’s two previous supersized cuts. It slashed its key rate by half a percentage point in October and December as inflation hovered at or below its two percent target.