The February 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, US and international financial market trends:
“Unlike prior cycles, central banks are not expected to cut interest rates back to the ultra-low levels they started from.”
- Easing inflation concerns have allowed central banks to hold key interest rates steady
- Expectations for first cuts gather around mid-year
- BoC has been slower to react to weaker economy in this cycle
- Neutral policy rates expected to have increased in Canada and the US
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