bringing it to 4.25%<\/a>.<\/p>\nSome economists are bracing for potentially larger interest rate cuts now that inflation is back at the 2% target.<\/p>\n
CIBC is forecasting the central bank will lower its policy rate by another two percentage points by the middle of next year. Its forecast includes two half-percentage point rate cuts to get there.<\/p>\n
The Bank of Canada’s next interest rate announcement is scheduled for Oct. 23.<\/p>\n
The governor also said in his speech that the Bank of Canada is scaling back its work on a central bank digital currency, noting there is not a “compelling case” for one right now in Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"
The central bank’s next interest rate announcement is scheduled for Oct. 23<\/p>\n","protected":false},"author":186339,"featured_media":477533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2324,2312,1],"tags":[101844,2426,2321,3807],"yst_prominent_words":[2116,86023,57555,41507,35766,16452,15541,14167,13147,12409,10193,6855,6351,6076,5018,4878,2225,2177,2171],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493368"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/186339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=493368"}],"version-history":[{"count":2,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493368\/revisions"}],"predecessor-version":[{"id":493370,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493368\/revisions\/493370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/477533"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=493368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=493368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=493368"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=493368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}