Sunday , 10 November 2024
Home Forex BMO forecast a rate cut from the Bank of Canada, but trim back on the number of cuts
Forex

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:

—-

Where the BoC is currently:

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Newsquawk Week Ahead: US and China CPI, US Retail Sales, UK and Australian Jobs

Mon: US Holiday: Veterans Day. BoJ SOO (Oct), BoC SLOS; Norwegian CPI...

China October CPI +0.3% y/y (expected +0.4%, prior +0.4%), deflation prospect lingers

October 2024 CPI rose 0.3% year-on-year, down from 0.4% in September, and...

China Consumer Price Index (MoM) below expectations (-0.1%) in October: Actual (-0.3%)

China Consumer Price Index (MoM) below expectations (-0.1%) in October: Actual (-0.3%)

China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%)

China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%)