The Bank of Canada is widely expected to hold its interest rate at 4.5 per cent on April 12, but what happens next? Read what economists say
supporting the Bank’s view in January that economic activity is likely to stall in the middle of 2023.
Capital believes that core inflation will fall sharply this year as the economy enters a modest recession, leading to rate cuts before the end of the year. Carlos Capistran, of BofA Global Research, however, believes the Bank of Canada will remain on hold for the remainder of 2023.
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