Canada’s rate of inflation slows, boosts bets on early interest rate cut | World News – Business Standard ...Middle East

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Canada’s rate of inflation slows, boosts bets on early interest rate cut | World News – Business Standard
The BoC has projected headline inflation to remain around 3% in the first half of 2024, before cooling down to 2.5% by the end of the year | Photo: Bloomberg Canada’s annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early interest rate cut. It was the first time in seven months that headline inflation has dipped below 3%. That prompted money markets to hike bets for a rate cut in April to as much as a 58% chance from a 33% chance before the figures were published.   The January inflation figure “will certainly raise the odds on an April rate cut,” said Karl

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