ING: The central bank of the Netherlands is expected to cut interest rates in July, and may further cut by 50BP within the year.

GoldenOctober2024

2024-07-24 07:31:04

Golden data July 24th news, as the unemployment rate continues to rise and inflation further approaches the target, the Canadian Central Bank is expected to choose to continue to cut interest rates in July. We expect a further 50 basis point interest rate cut this year. Given that the financial market is currently pricing in a 22 basis point rate cut in July, it would be a surprise if the Canadian Central Bank does not cut interest rates. Although we continue to believe that later this year, the USD/CAD will depreciate moderately, offsetting factors such as the US presidential election may limit the fluctuation range of the currency pair for a longer period of time.

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