Economy

Reuters Poll: Bank of Canada will stay put this year, rate cuts unlikely

06 April 2023, 3:45 pm 1 minute

In a recent poll, Reuters learned economists believe the Bank of Canada will keep its key interest rate steady at 4.5% through the end of the year.

Market Impact

Markets still expect more than 50 basis points of cuts, pricing fueled by fears last month over stresses in the U.S. and European banking sector, despite Canada’s economy and labor market performing better than expected.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Business & FinanceEconomy & Policy

Regions: Americas

Countries: Canada

Win Types: Exclusivity

Story Types: Special Report / Insight

Media Types: Text

Customer Impact: Significant National Story

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