Bank of Canada Expected to Hold Steady on Rates - News Summed Up

Bank of Canada Expected to Hold Steady on Rates


OTTAWA—Canadian market watchers expect the Bank of Canada to leave its main interest rate unchanged in its decision on Wednesday but are sharply divided on whether a rate cut is coming in early 2020. Economists from 10 of the 11 primary dealers of Canadian government securities that participated in a survey by The Wall Street Journal predicted the Bank of Canada will keep its benchmark overnight interest rate at 1.75%. The central bank’s main interest rate has been at this level since October of last year.


Source: Wall Street Journal December 03, 2019 13:52 UTC



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