TSX:BPO.P.A - Post by User
Comment by
pierrelebelon Jun 27, 2023 11:42am
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Post# 35516404
RE:Rate of Inflation will drop back down, maybe even
RE:Rate of Inflation will drop back down, maybe even Based on the market consensus as of June 8th 2023, it is predicted that the Bank of Canada will potentially raise rates by 0.25% in their next announcement in July 2023. In 2024, it is expected that the Central bank will cut rates by 2% and another 1% in 2025.
It is possible that the folks at the Bank of Canada are wrong.
However, when it comes to my money I would rather not speculate on them being wrong.
Some experts opinions on the direction of interest rates in general in Canada:
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I am not suggesting that all the experts are always right. However, it is important to understand their logic when making long term investment decisions.