{"id":151221,"date":"2019-07-10T09:05:03","date_gmt":"2019-07-10T13:05:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151221"},"modified":"2019-07-10T08:40:55","modified_gmt":"2019-07-10T12:40:55","slug":"june-boc-odds-of-a-rate-cut-fall","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/june-boc-odds-of-a-rate-cut-fall\/","title":{"rendered":"June BoC: Odds Of A Rate Cut Fall"},"content":{"rendered":"
July 10, 2019<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The Bank of Canada will be holding its monetary policy meeting this week on Wednesday. The bank has left interest rates unchanged at 1.75% for the past five monetary policy meetings.<\/strong><\/p>\n

While the central bank\u2019s forward guidance has turned dovish previously, we expect that this could change. However, it could still remain cautious. The central bank was proved right when it deemed the soft economic patch in Canada temporary.<\/p>\n

\"Bank
Bank of Canada \u2013 Interest Rates, 1.75%<\/figcaption><\/figure>\n

Various measures of economic data show that there is a strong chance for the economy to bounce back. This included the better than expected inflation data. GDP has also been ticking higher since April after declining in the months before.<\/p>\n

Canada Inflation Hits BoC\u2019s Target Rate<\/strong><\/h2>\n

Inflation data from Canada for May saw consumer prices rising to the BoC\u2019s inflation target rate of 2.0%. The core inflation measures were one of the highest since 2012.<\/p>\n