Real Estate News
📰 Bank of Canada Expected to Hold Rates on July 30, Cut Twice More in 2025
According to a Reuters poll of economists, the Bank of Canada is expected to keep its benchmark interest rate steady at 4.75% in its upcoming meeting on July 30.
However, economists forecast two additional rate cuts before the end of 2025 — likely in the fall and winter.
Key Points:
* Inflation has moderated, and economic growth is slowing.
* The central bank is expected to proceed cautiously to avoid reigniting inflation.
* If data supports it, a gradual easing cycle may resume later this year.
Implications:
Stable interest rates in the short term, with potential further rate reductions that could benefit borrowers, homebuyers, and investors in the coming months.
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