Up, down, or stagnant? What do brokers forecast for the overnight rate?

Up, down, or stagnant? What do brokers forecast for the overnight rate?

Up, down, or stagnant? What do brokers forecast for the overnight rate? It’s time to have your say and vote on when – and if – the Bank of Canada will change its overnight rate this year. Take our latest poll.

Throughout 2014, many believed this year might be the first time since 2010 that the central bank would hike its benchmark rate – with the BoC, itself, even hinting at the eventual changes. However, some are now considering a rate cut.

“Markets are pricing in a 4-per-cent probability of an interest rate cut in Canada over the next 12 months,” Camilla Sutton, chief currency strategist of Bank of Nova Scotia told the Globe and Mail Tuesday.

Do brokers agree?

Have your say by taking our poll.
12 Comments
  • Lawrence Kobescak 2015-01-14 11:35:47 AM
    No change for 2015 should be added to that poll on overnight lending rate so that I can vote. No change in 2015.
    Post a reply
  • Jeremy 2015-01-14 11:39:34 AM
    BOC will cut its overnight rate, but Prime rate will remain stagnant.
    Post a reply
  • Mitch Thibodeau 2015-01-14 11:39:40 AM
    I agree. There should be a "no change" option on the poll.
    Post a reply