Skip to main content

Bank of Canada remains neutral on rate outlook

The Bank of Canada’s decision to leave its policy rate at 0.50% today was as expected given that the economy returned to positive growth in the third quarter. Although it believes economic growth will accelerate next year and is neutral on the interest rate outlook, we still think policymakers are over-estimating the strength of the economy and expect another 25 basis point rate cut early next year.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.