WHAT IN STORE FOR FUTURE INTEREST RATE INCREASES?
Monday Jan 30th, 2023
The Bank of Canada has probably reached the end of its rate-hiking cycle for now – but it still needs to keep Canadians on their toes about the possibility that that could change, according to, Chief Deputy Economist at CIBC's Capital Markets- Benjamin Tal!
Tal, told Canadian Mortgage Professional that the central bank had to toe a delicate line in its messaging to Canadians as it planned to hit pause on hikes to its benchmark rate after Wednesday’s 25-basis-point increase.
“The Bank of Canada, of course, will keep its options open, because I think what [it] would like to see is that you and I are feeling secure about them not moving again, and that will ease long-term interest rates,” he said.