Matthieu Arseneau, an economist at the National Bank of Canada, believes that the Bank of Canada will be forced to cut interest rates by a full 100 basis points before the end of this year to provide the necessary vitality for economic stability. As general inflation becomes a thing of the past and inflation expectations continue to improve, the door is open for the central bank to return the policy interest rate from the current 4.25% to a neutral level of 2.5%-3% as soon as possible. Following a 0.2% decline in August, last month's CPI fell 0.4% month-on-month. The employment growth in September was insufficient to stabilize the employment rate.

Zhitongcaijing · 10/16 15:17
Matthieu Arseneau, an economist at the National Bank of Canada, believes that the Bank of Canada will be forced to cut interest rates by a full 100 basis points before the end of this year to provide the necessary vitality for economic stability. As general inflation becomes a thing of the past and inflation expectations continue to improve, the door is open for the central bank to return the policy interest rate from the current 4.25% to a neutral level of 2.5%-3% as soon as possible. Following a 0.2% decline in August, last month's CPI fell 0.4% month-on-month. The employment growth in September was insufficient to stabilize the employment rate.