BoC cuts rates by another .50% | Page 3 | General financial discussion | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
BoC cuts rates by another .50%
March 15, 2020
3:41 pm
Vatox
Member
Members
Forum Posts: 1218
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

That could mean we get a 50bps cut.

March 15, 2020
3:59 pm
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4269
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline

ReX said

BoC has yet to follow...and they will probably have no choice but to react as soon as $CAD takes a dive.  

They don't necessarily need to follow on the same day; however, I would be very surprised if by April 15th, BoC Policy Interest Rate is not at either 0.25% or 0%.

Note on Friday, when they last cut, the OSFI chief freed up banks' reserves for lending (i.e., requiring them to hold less capital) to lend. There's no indication they've taken up that offer, but time will tell in the coming weeks if the banks launch aggressive lending campaigns and sub 2.00% mortgage promotions. I hope @Shawguy doesn't take that offer; mortgage rates are headed lower, much lower, and deposit rates equally, or more, so.

Cheers,
Doug

March 15, 2020
4:39 pm
Loonie
Member
Members
Forum Posts: 9376
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Thanks for that info, Doug. I had missed that. It's a dangerous sign, however.

March 15, 2020
7:39 pm
ReX
Member
Banned
Forum Posts: 74
Member Since:
April 28, 2017
sp_UserOfflineSmall Offline

Doug said

They don't necessarily need to follow on the same day; however, I would be very surprised if by April 15th, BoC Policy Interest Rate is not at either 0.25% or 0%.
Doug  

Same day does not exist....actually it has already passed at the time when you posted this reply (nice piggybacking)...BoC thrives on being reactionary and sitting on the fence... about 50bps hedging...never mind analyzing the purse....when we hit .65, which is going to be very fast...sh*t will hit the fan...and I so called it...and watch them to be cavalier now regardless to any established schedule dates...

///ain't internet wonderful...some folks with all the time to spare and to boost their ego are now PHds at many internet fora...just a digression in general.

No permission to create posts

Please write your comments in the forum.