Bank of Canada seen cutting rates at next meeting despite uptick in inflation during October
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The Bank of Canada is expected to cut interest rates by 25 basis points in December, despite a rise in inflation to 2% in October. This prediction comes from analysts at Bank of America Corp, who note the increase in inflation was driven by higher gas prices.
November 19, 2024 | 8:30 pm
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Bank of America analysts predict a 25 basis point rate cut by the Bank of Canada in December, despite rising inflation. This insight could influence investor perception of BAC's analytical capabilities.
The news highlights Bank of America's analytical insights regarding the Bank of Canada's monetary policy. While this does not directly impact BAC's stock price, it showcases the bank's expertise, which could influence investor confidence in BAC's research capabilities.
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