Quote:
Originally Posted by blkgsr
what are you guys seeing for rates these days?
thoughts on rates after the oct and dec meetings?
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On one hand economic data (GDP growth, unemployment, inflation with housing removed) says we're on the precipice of a recession and we should cut faster.
On the other hand Tiff and the BOC have been late to the party on every rate increase/decrease so far which means they won't cut fast enough.
It's been clearly telegraphed that we should expect more cuts so at a minimum it's two 25bps cuts coming. It's a matter of whether Tiff puts on his big boy pants does a 50bps plus a 25bps cut this year. The betting markets are favouring the second scenario very slightly right now.