10/23/2024
The BoC just chopped its key lending rate as predicted by 50 bps. 📉
“…We expect to reduce the policy rate further,” the Bank hints.
Market-implied odds of another 50 bps cut on Dec. 11 are 24%, with a “100%” chance of at least a 25 bps snip.
🔗 [Link to Bank of Canada release] https://www.bankofcanada.ca/2024/10/fad-press-release-2024-10-23/