HomeLive CommentsBoC expected to stand pat next week, opinions on future path split

BoC expected to stand pat next week, opinions on future path split

BoC is going to decide on interest rate next week again. It’s generally expected to keep the overnight rate unchanged at 1.75%. Indeed, according to a Reuters poll, all 40 economists surveyed expected so too. However, forecasters are split on the rate path for BoC ahead.

Probability of a rate cut by the end of 2019 stands at 23% only. Probability of a rate cut by end of 2020 stands at 40%. However, there are still some forecasts expected a rate cut. Around 11 of 33 respondents expect a hike by the end of next year. And 4 even expect two hikes.

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