By Randall Palmer OTTAWA (Reuters) - The Bank of Canada will likely repeat on Wednesday that it is just as likely to cut interest rates as raise them, but a growing number of market players see this so-called neutral stance as fiction designed to keep a lid on the currency. In its last rate statement in July (http://bit.ly/1n4tq9q), the central bank said in July it was "neutral with respect to the timing and direction of the next change to the policy rate" but virtually no one believes there is actually a 50 percent chance of an actual rate cut. A Reuters survey of 39 economists unanimously predicts the Bank of Canada will keep its overnight rate at 1 percent on Wednesday, and the median forecast is that it will bump it up in the third quarter of 2015. Governor Stephen Poloz last year dropped the language of his predecessor, Mark Carney, suggesting the central bank's next rate move would be a hike when soft economic data made it clear no such move was imminent.
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