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2025-09-17 23:02:07
[Bank of Montreal: The Bank of Canada is expected to be guided by data and may cut interest rates again] Douglas Porter of BMO Economics said that it is worth noting that the statement released by the Bank of Canada when announcing its much-anticipated rate cut did not include the language in the July statement that mentioned possible further easing of policy, which suggests that policymakers are reluctant to make subsequent rate cuts in October. However, the economist said that policy will evolve with the data, and further economic weakness may eventually prompt the bank to cut interest rates further. For now, the central bank continues to emphasize risks and uncertainties, and points out that it intends to focus on the short term more than before and to act cautiously. "The evolution of trade/tariffs and how it affects the economy, inflation and inflation expectations is key," Porter said.
