One economist says she expects the Bank of Canada to lower its key interest rate by 50 basis points (bps) on Wednesday as the bank continues to shift its focus away from inflation concerns toward stimulating a slowing economy. Citi’s Veronica Clark told BNN Bloomberg that her call for a jumbo rate cut from the central bank has not changed since its last meeting, when it lowered rates by 50 bps after three straight 25-bps cuts. “We are expecting a 50-bps cut on Wednesday, that was my call really after the October meeting when we saw a similarly large 50-bps cut,” she said in a Monday interview. https://www.bnnbloomberg.ca/business/economics/2024/12/09/restrictive-rates-no-longer-needed-expect-50-bps-cut-from-boc-economist/