The Financial institution of Canada is about to make its first rate of interest announcement of the yr this morning.
Economists extensively anticipate the central financial institution will proceed holding its key rate of interest regular at 5 per cent.
However all eyes will probably be on governor Tiff Macklem for any hints on when the central financial institution plans to pivot to price cuts.
The Financial institution of Canada has held its key rate of interest regular at its final three bulletins as financial knowledge suggests financial coverage is slowing inflation.
Nevertheless, Canada’s annual inflation price ticked again up in December to three.4 per cent, complicating the central financial institution’s path.
Forecasters nonetheless anticipate financial weak point will permit the Financial institution of Canada to start chopping rates of interest as early as this spring.
