Private Superforecasting Workshop asks:

Will the Bank of Canada's policy interest rate target exceed 4.75% before 8 June 2023?

Started Dec 09, 2022 06:00PM UTC
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.

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This question has ended, but is awaiting resolution by an admin.

Possible Answer Final Crowd Forecast
Yes 8.19%
No 91.81%
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