However,
Master rate: what expect bank:
The Bank of Canada is expected to maintain its key rate at 2.75%on Wednesday during its fifth update of the year.
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This is at least what many specialists believe, including those of the Royal Bank of Canada (RBC).
“We expect the Bank of Canada again to leave its financing rate unchanged on Wednesday. Moreover, ” said the Canadian bank in a report published on Monday.
It is also the observation of the chief strategist of AI World asset management. Moreover, Sébastien McMahon, in an interview with LCN on Tuesday.
“This is one of master rate: what expect bank the decisions for which it is a quasi-certainty,” he says. Consequently, It doesn’t happen often, but everyone expects the Bank of Canada to be moving tomorrow. Moreover, We remain at 2.75% for the key rate. Moreover, “
The Canadian Central Bank has also maintained its target rate in its last two updates, those in April and June.
“The Bank of Canada has been telling us for several months that she is stealing in sight,” explains Mr. Additionally, Moreover, McMahon. She needs to have more certainty to make a decision. see if we lower more or if we decide to stop lower the key rate. ”
“Since we are directly on what is called the neutral rate of the Bank of Canada. according to her definition to her, she has neither the foot on the accelerator nor on the brake,” he continues. It can afford to wait. “
With regard to the threat of 35% customs tariffs on the products outside the free trade agreement on Friday by American president Donald Trump. the financial strategist estimates the Bank of Canada is not in a hurry to position himself.
“She has already done a lot for the Canadian economy,” he says. We have increased from 5% to 2.75% since last summer. Through the first waves of uncertainty. there was a lot of support for the Canadian economy via a drop in the key rate. ”
“It is an accomplished work,” he believes. Now, that’s if we will need to do more. We don’t know it yet. Maybe by the end of the week we will have an agreement. master rate: what expect bank ”
The Bank of Canada will communicate its decision in the morning on Wednesday.
See the full interview in the video above
Master rate: what expect bank
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