While the Bank of Canada kept its policy rate
unchanged at 1.75% on Wednesday, there
were hints that an interest rate cut is coming. In his
opening statement at the press conference, Governor
Stephen Poloz told us that “the Governing Council
considered whether the downside risks to the outlook
were sufficient at this time to warrant a more
accommodative monetary policy, as a form of
insurance against those risks.”
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services