The new reality for neutral rate is a BoC policy rate between 3-3.5%: economist

Publicado 2024-07-24
Charles St-Arnaud, chief economist with Alberta Central and former economist for the Bank of Canada, joins BNN Bloomberg to discuss the BoC's rate decision and what that entail for the economy.

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Todos los comentarios (13)
  • @al5502
    what about assets inflation rate?
  • @jtome84-91
    Are you kidding me with the sound quality?
  • @MM-xg2td
    Sure neutrality is 3 * 3.5 % BUT we are in a recession they need to cut under 3% in order to stimulate the economy.
  • @GS0021
    I am not an economist but I feel neutral rate will be 2-2.5%, let’s see who is right. With 5 yr yield is already near 4%, with 3.5 neutral rate, will it go up to 5.5-6% ?
  • @petrofx
    After the latest rate cut, people with loans and mortgages are happy their payments are 50-100 bucks less a month, but fail to see everything else will cost many hundreds more. People screaming for lower rates are literally begging for their own continued suffering. Inflation will now continue higher AND faster with rate cuts. The dollar is already down a half a penny in 24hrs since the decision. THAT is instant inflation on top of what's already systemically happening.
  • @Mehmed317
    Really, above the New York Fed own model suggesting the natural rate of interest in Canada is lower than it was after the GFC. What’s coming, rates are going down below 2%.
  • @leagueplays2100
    canada suffering from pirce gouging by US companies and low jobs
  • @mannykhan7752
    There are only two more cuts scheduled for Sep and Nov. This so called expert should prepare before giving the interview.
  • My husband tried to surprise me with breakfast in bed. It was sweet until I discovered he used the last of the coffee beans. Don't mess with a woman's caffeine supply💋