Although the Bank of Canada plans to continue making monetary policy decisions at successive meetings, its latest forecast is in line with Kaituo Macro's prediction that the overall inflation rate for the third quarter will average 2.3%, and supports the expectation of a third consecutive interest rate cut in September. Economist Stephen Brown noted that the Bank of Canada reiterated that it could further cut interest rates if inflation continues to ease as expected. However, he said that overall, the Bank of Canada's statement sounded more moderate than it did when the loosening cycle began last month. Brown supports the view that the Bank of Canada will cut interest rates at each meeting for the remainder of 2024.