Central Banks
Analysts See More Easing Ahead After Bank of Canada Cuts to 2.5%
Governor of the Bank of Canada Tiff Macklem, right, and Senior Deputy Governor Carolyn Rogers during a news conference following an interest rate announcement in Ottawa on Sept. 17.
Photographer: David Kawai/BloombergThe Bank of Canada cut its policy interest rate for the first time since March, matching the expectations of markets and many economists. With weak economic growth on the horizon and a tough outlook for job-seekers, several analysts believe the central bank isn’t done.
Governor Tiff Macklem said there was a clear consensus among the governing council for Wednesday’s cut, “suggesting that inflation fears have subsided on a fairly widespread basis,” said Karl Schamotta, chief market strategist with Corpay. Here’s what other economists and analysts had to say.