BMO forecast a rate cut from the Bank of Canada, but trim back on the number of cuts

Bank of Montreal expect a June rate cut from the BoC, then another in July, and one more later in the year.

• BOM had been looking for 100bp of cuts this year

BOM also look for 75bp of cuts in 2025

• also down from their previous forecast of 100 bp of cuts

BOM expect further cuts in 2026, and lifted their projection for the BoC neutral rate by 25 bps to 3.00%.

I posted last week that:

• Bank of America expect a June rate cut from the Bank of Canada

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Where the BoC is currently:

This article was written by Eamonn Sheridan at www.forexlive.com.