C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Cut Overnight Rate
Cut Overnight Rate to 3.00 Percent Next Week and 2.75 Percent by July
By C.D. Howe Institute —— Bio and Archives--January 23, 2025
Canadian News, Opinion | Comments | Back To Full Article
January 23, 2025 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to lower its target for the overnight rate, its benchmark policy interest rate, to 3.00 percent at its next announcement on January 29th. The MPC further calls for the Bank to maintain its target at 3.00 percent at the following announcement in March and reduce it to 2.75 percent at subsequent settings.
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