Odds of a Bank of Canada Micro Rate Cut Diminish Following Rate Decision

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A growing chorus of voices suggesting the possibility of a “micro” Bank of Canada rate cut were tempered following a slightly more “hawkish” rate announcement on Wednesday. Ever since BoC Deputy Governor Paul Beaudry’s suggestion in December that the Bank could take interest rates lower than its current 0.25% policy rate—though not below zero—many started to believe the Bank may deliver a 10- or 15-bps rate cut (smaller than its traditional 25-bps rate movements) to combat floundering economic performance. But […]

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Original Article Source Credits: canadian mortgage trends, https://www.canadianmortgagetrends.com

Article Written By: Steve Huebl

Original Article Posted on: January 21, 2021

Link to Original Article: https://www.canadianmortgagetrends.com/2021/01/odds-of-a-bank-of-canada-micro-rate-cut-diminish-following-rate-decision