David Rosenberg says more Bank of Canada rate cuts are needed, "still too high " ...Middle East

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David Rosenberg says more Bank of Canada rate cuts are needed, still too high
The Bank of Canada cut by 25bp on Wednesday, news and analysis posts here:Forexlive Americas FX news wrap 24 Jul:Watch out below! Broad indices worst day since 2022From noted economist David Rosenberg, calling for plenty more to come:The Bank of Canada's decision to lower its key interest rate to 4.5% is the right move, and I predict more cuts are coming soon. Despite the recent dovish tone of BoC, current rates are still too high for an economy with such excess supply. I believe rates will eventually drop to 2%, and wouldn’t be surprised if we go lower.Comments via tweet but it seems to have vanished. Bank of Canada earlier This article was written by Eamonn Sheridan at www

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