According to a Reuters survey, economists expect the Bank of Canada to keep interest rates unchanged until 2027

According to a Reuters survey, economists generally expect the Bank of Canada to keep interest rates unchanged until 2027. Bank of America believes that core inflation is close to 2% and there are no signs of overheating, and the Bank of Canada will remain on the sidelines. The Royal Bank of Canada believes that economic improvement supports a wait-and-see stance and expects the Bank of Canada to maintain interest rates for the sixth consecutive meeting. Oanda suggests being cautious. TD Securities expects the Bank of Canada to maintain interest rates. Scotiabank expects the interest rate to remain unchanged at this meeting, but if the rebound and inflationary momentum continue, there will be a tightening window of 75 basis points from the fourth quarter to early next year. The National Bank of Canada expects interest rates and balance sheets to remain unchanged, but has lowered its GDP forecast for this year and raised its inflation forecast. Signal49 predicts GDP growth of approximately 0.5% this year. BNY Mellon expects no interest rate cuts before the fourth quarter. ING believes that the Bank of Canada will not take hawkish action unless oil prices rebound.