​Scotiabank breaks from the pack with interest rate prediction

​Scotiabank breaks from the pack with interest rate prediction

​Scotiabank breaks from the pack with interest rate prediction Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall. However Scotiabank is sticking to its prediction that rates will stay lower for at least another year, with the first increase not happening until the beginning of 2016. In fact the bank’s economist Derek Holt says there could even be a cut in the rate next year.