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2025-07-30 23:17:30
[Analyst: The Bank of Canada May Be Preparing for the Next Rate Cut] Royce Mendes of Desjardins believes that Bank of Canada officials appear to have reached a clear consensus to maintain the policy rate at its current neutral level, but they appear to be preparing to introduce more easing policies as early as September. The economist noted that two of the three forecast scenarios published in the central bank's monetary policy report suggest the need for further rate cuts in the future. Mendes said that low short-term and medium-term yields on Canadian government bonds indicate that the possibility of further rate cuts is increasing.
