The Bank of Canada shocked markets this morning by lowering its policy interest rate from 1.00% to 0.75%, in response to the collapse in oil prices that now threatens the outlook for economic growth and inflation. Given the downside risks to that outlook, there is no guarantee that the Bank won't cut rates further this year, possibly in April.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services