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🏛️Bank of Canada Poised to Accelerate Rate Cuts

🪙The Bank of Canada is expected to make a significant rate cut this week, as inflation falls and economic growth slows.

📌Key Points: 
— A 0.5% rate cut is anticipated, marking the first such reduction since the pandemic. 
— Inflation is below the 2% target, while economic growth is much weaker than forecasts. 
— The Bank is aiming for a "neutral level" of rates, where they neither stimulate nor slow the economy.

🔍Accelerating rate cuts may support the economy but also risks fueling speculation in the housing market and increasing household debt.

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