Assessing the US and Canadian neutral rates: 2025 update
We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, unchanged from the range assessed in 2024.
Jan David Schneider is a Senior Economist in the Monetary Policy and Financial Studies Division of the Canadian Economic Analysis Department. His current research interests include production networks, monetary policy, and identification in empirical macroeconomics.