The BoC should've orchestrated a more hawkish pause.
That's what some economists are now saying.
Their fear: people now expect the Bank of Canada's next rate change to be a cut, so many will run right out and borrow money. That, in turn, will prolong both inflation and higher rates, they argue.
"In driving a further easing of financial conditions...I think the BoC has taken another micro step toward amplifying upside risk to housing, growth and inflation into 2024 and beyond," said Scotia economist Derek Holt.