Credit Suisse Joins Canada Bears With Call for Interest-Rate Cut

(Bloomberg) — Forecasts for a Bank of Canada interest-rate cut this year are building.Credit Suisse Group AG joined Citigroup Inc. and HSBC Holdings Plc in forecasting easier monetary policy, possibly as early as next month, amid sluggish Canadian growth and slower-than-expected inflation. The Swiss bank has penciled in a quarter-point cut to the central bank’s 0.5 percent overnight target rate and cut its forecasts for the Canadian currency.The possibility of a rate cut started to creep up after the BOC said on Sept. 7 that risks to inflation had “tilted somewhat to the downside.” That shift was ratified by …
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