Will the Bank of Canada pivot in 2023?

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resolved Jan 1

Resolved

NO

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This market resolves YES if the Bank of Canada cuts interest rates in 2023.

Past interest rate decisions are made available on the Bank of Canada's website. The current "target for the overnight rate" is 5%.

The remaining two interest rate announcement dates for the year are October 25 and December 6. Will the Bank of Canada pivot?

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The last meeting of the year was yesterday: they did not pivot!

Nice! I will nonetheless keep this question open until the end of the year, however unlikely it now appears to resolve yes.

predictedNO

https://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.7007264

Bank of Canada holds interest rate steady at 5% | CBC News

After raising its benchmark lending rate 10 times since last year, the Bank of Canada has now held the rate steady for two meetings in a row, a sign the central bank may be content to stand on the sidelines for a while.

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