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2025-09-17 23:20:26
[Desjardins Bank: The Bank of Canada will cut interest rates again in October] The Bank of Canada resumed cutting interest rates after keeping interest rates unchanged this summer, but policymakers have not disclosed follow-up actions. Royce Mendes of Desjardins Bank pointed out that the bank's management committee only said that it would closely monitor changes in exports, business investment, employment and household spending, and pay attention to whether the costs of trade disruptions and supply chain restructuring are passed on to Canadian consumers. Mendes said: "The Bank of Canada still seems reluctant to think that all the effects of US trade policies are a thing of the past, especially in terms of inflation." However, Desjardins Bank's analysis shows that these concerns about inflation will not become a reality, so the bank still expects to cut interest rates again in October, and the policy rate will eventually fall to 2%.
