Wednesday, 29 July 2015

Canada Interest Rate September

Q196: What will be the result of the September 9th Bank of Canada interest rate announcement?
Rate Cut: 10%
Unchanged Rate: 85%
Rate Increase: 5%

The next Bank of Canada interest rate announcement is scheduled for September 9th.  After the somewhat surprising rate cut this month, the expectation seems to be that the interest rate will remain unchanged for the rest of year (see story here).  A rate increase just after a rate cut seems rather unlikely, while another rate cut would seem excessive but slightly more likely than a rate increase.

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