evrimagaci.org on Nostr: Bank Of Canada Set To Cut Rates Amid Economic Uncertainty ========== On January 29, ...
Bank Of Canada Set To Cut Rates Amid Economic Uncertainty
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On January 29, 2025, the Bank of Canada (BoC) is expected to announce a 25-basis-point cut from the current rate of 3.25% amid economic uncertainty and external pressures from U.S. tariffs. In 2024, the BoC implemented five rate cuts, including two consecutive 50-basis-point reductions. The inflation rate was 1.8% in December 2024, while core inflation rose to 2.5%. Economists like James Orlando from TD and Frances Donald from Manulife express caution regarding the rate cuts due to mixed economic indicators and potential tariff impacts. RBC predicts a gradual approach to rate adjustments, while CIBC's Andrew Grantham warns of inflationary consequences from tariffs. Douglas Porter from BMO emphasizes the need for careful assessment of the economic situation. The upcoming announcement is seen as pivotal for Canada's economic future.
#BankOfCanada #InterestRates #Economy #Tariffs #Inflation #2025 #EconomicPolicy #Canada #FinancialInstitutions #JamesOrlando
https://evrimagaci.org/tpg/bank-of-canada-set-to-cut-rates-amid-economic-uncertainty-163572
==========
On January 29, 2025, the Bank of Canada (BoC) is expected to announce a 25-basis-point cut from the current rate of 3.25% amid economic uncertainty and external pressures from U.S. tariffs. In 2024, the BoC implemented five rate cuts, including two consecutive 50-basis-point reductions. The inflation rate was 1.8% in December 2024, while core inflation rose to 2.5%. Economists like James Orlando from TD and Frances Donald from Manulife express caution regarding the rate cuts due to mixed economic indicators and potential tariff impacts. RBC predicts a gradual approach to rate adjustments, while CIBC's Andrew Grantham warns of inflationary consequences from tariffs. Douglas Porter from BMO emphasizes the need for careful assessment of the economic situation. The upcoming announcement is seen as pivotal for Canada's economic future.
#BankOfCanada #InterestRates #Economy #Tariffs #Inflation #2025 #EconomicPolicy #Canada #FinancialInstitutions #JamesOrlando
https://evrimagaci.org/tpg/bank-of-canada-set-to-cut-rates-amid-economic-uncertainty-163572