Odds of a Bank of Canada Micro Rate Cut Diminish Following Rate Decision
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.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: January 21, 2021