Bank of Canada in Position to Accelerate Rate Cuts: Decision Guide [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The Bank of Canada is likely to make a jumbo cut to interest rates, acknowledging that borrowing costs should fall more quickly as inflation wanes and economic growth stagnates. Markets and economists expect policymakers led by Governor Tiff Macklem will cut the policy rate by half a percentage point to 3.75% on Wednesday, the first reduction of that magnitude since the Covid-19 pandemic. The large cut — which is expected by all but one of Canada's biggest lenders — would signal some urgency to bring the benchmark overnight rate to the so-called neutral level, where it will neither slow nor stimulate the economy. With inflation now lower than the central bank's 2% target and growth tracking well below the bank's estimates, restrictive borrowing costs simply aren't needed. Some analysts also worry that sticking to a gradual easing pace at this po
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Earnings
- 8/28/24 - Beat
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Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form FWP
- 11/5/24 - Form FWP
- RY's page on the SEC website