September 18th, Jin10 data: Derek Holt, economist at Canada’s Royal Bank, said that Caroline Rogers, the second-in-command at the Bank of Canada, seems hesitant to accelerate and deepen the pace of interest rate cuts. Rogers said that it is good news that the inflation rate has returned to 2%, but there is still work to be done in terms of inflation, including further declines in core prices. ‘I think her stance is correct,’ Holt told clients in a report. ‘Overall, these comments do not sound like comments that would lead to a significant interest rate cut in the short term.’ When the Bank of Canada releases the minutes of the September 4th meeting before the 25 basis point interest rate cut, people may have a deeper understanding of the possibility of further interest rate cuts.
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