Will there be a half-point rate cut?

The big shots at the Bank of Canada may bring us a big bullish news on October 23 - a 50 basis point rate cut, directly lowering the key interest rate to 3.75%!

Look at the latest inflation data, the annual inflation rate for August has dropped to 2%, if it weren't for the borrowing interest rates holding it up, it would probably have dropped to 1.2% already. This is clearly a preventive measure for the central bank to cut interest rates!

The current 4.25% interest rate is indeed a bit high, it needs to be lowered quickly, otherwise the economy will be dragged down by this high interest rate. Look at the unemployment rate now, especially for young people, it is really difficult to find a job. Companies don't want to hire people either, the market is stagnant like this, if it continues like this, the wave of layoffs is bound to come.

So the central bank must cut interest rates this time to loosen the economic situation. I heard they might have to continue cutting, maybe down to 2.25% by next summer. This wave of operations, although it can ease inflation, also needs to be careful with economic recession and deflation.