"If the economy evolves broadly in line with the projection we published today, I expect future discussions will be about how long we maintain the policy rate at five percent," central bank governor Tiff Macklem said.
"We see no reason to alter our call for the first [quarter-point] cut to come in June, and for the bank to surpass market expectations by delivering a total of 150 basis points in cuts by the end of this year," Avery Shenfeld, chief economist at CIBC Capital Markets, wrote in a note to clients.
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