BoA forecasts the Bank of Canada to initiate rate cuts in June 2024

<p>BoA forecast the Bank of Canada to begin its rate cut cycle in june of 2024.</p><p>On Wednesday we had the BoC decision:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-6-dec-bank-of-canada-keeps-rates-unchanged-20231206/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 6 Dec. Bank of Canada keeps rates unchanged.</a></li></ul><p>BoA sees the first cut in June 2024</p><ul><li>then to 3.75% by the end of 2024</li><li>citing inflation to further decelerate towards target</li></ul><p>BoA cites risk to their view as:</p><ul><li>earlier than June cuts</li><li>more cuts than the expert</li><li>perhaps both </li></ul><p>***</p><p>The next meeting is in late January:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.