Quote:
Originally Posted by Shazam
That's nice.
So when do you think the prime rate will be, say 1% again? Because historically speaking, 3.25% is hardly a high rate.
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Why would the Bank of Canada's rate be 1% again absent a financial crisis? That's an aberration historically. As inflation subsides, I expect they'll try to keep the overnight rate in a more neutral range like 2.5-3% like we saw in the '00s pre-financial crisis and for most of the time pre-1970s.