Economist: There is room for the Bank of Canada to cut interest rates in June or July

Gelonghui Finance ·  May 22 20:57
GLONGHUI, May 22 | Economist David Rosenberg said that Canada's various potential or core inflation indicators should provide room for the Bank of Canada to cut interest rates on June 5 or July. “These are amazing numbers.” In April, the Bank of Canada's two preferred core CPI indicators slowed down from March to below 3%, which is the upper limit of the central bank's 1% to 3% target range. Rosenberg added that core CPI excluding food and energy declined for the fifth consecutive month year-on-year. After excluding the eight most unstable components of the CPI basket, the CPI fell below 2% for the first time in three years.

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