Private Superforecasting Workshop asks:
Will the Bank of Canada's policy interest rate target exceed 4.75% before 8 June 2023?
Closed Jun 07, 2023 07:01AM UTC
The Bank of Canada, the country's central bank, sets a target interest rate for overnight lending to banks that influences interest rates, including the prime rate, throughout the Canadian economy (Investopedia, Bank of Canada). The outcome will be determined using data as reported by the Bank of Canada (Bank of Canada - Policy Interest Rate). At its 7 December 2022 meeting, the Bank of Canada raised its policy interest rate target to 4.25% (Bank of Canada - 7 December 2022 Release, CBC). The question will close on the date of the announcement, rather than the date on which an increase would take effect.
The question closed "No" with a closing date of 8 June 2023.
|Possible Answer||Correct?||Final Crowd Forecast|
Crowd Forecast Profile
|Number of Forecasters||39|
|Average for questions older than 6 months: 220|
|Number of Forecasts||182|
|Average for questions older than 6 months: 615|
|Participants in this question vs. all forecasters||better than average|