According to Jinshi, Bank of Montreal expects the Bank of Canada to cut interest rates in June, again in July, and once more later this year. The bank previously expected the Bank of Canada to cut interest rates by 100 basis points this year. Bank of Montreal also expects the Bank of Canada to cut interest rates by 75 basis points in 2025, lower than the previous forecast of a 100 basis point cut. In addition, Bank of Montreal expects the Bank of Canada to cut interest rates further in 2026 and raised its forecast for its neutral interest rate by 25 basis points to 3.00%.