Economists: Data shows that Central Bank will continue to cut interest rates

GoldenOctober2024

2024-09-04 14:29:59

On September 4th, Jin10 Data reported that Doug Porter, Chief Economist of Capital Market at Montreal Bank, Canada, said that the interest rate cut by the Canadian Central Bank was widely expected by the market. The market also expects that there is a very small possibility of a 50 basis point rate cut, but since the last meeting, the Central Bank has not gathered enough information to take such aggressive measures, although the possibility of more aggressive action still exists. Overall, inflation data is slightly better than expected, while unemployment data is slightly worse than expected, all pointing to one direction, which is an interest rate cut.

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