Bank of Canada survey shows median market expectation see rates unchanged in 2023

Kitco Media
By Reuters
Published:
Updated:
Reuters
OTTAWA, April 24 (Reuters) - The Bank of Canada will hold interest rates at the 15-year high 4.50% until the end of 2023, before starting to cut rates at the start of next year, according to a median market participants in the central bank's survey released on Monday. The bank's survey of market participants, the second iteration of the poll first released in February, showed a median of the participants forecasting interest rates dropping to 3.00% by the end of 2024.
(Reporting by Ismail Shakil in Ottawa; editing by Steve Scherer)

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