September 2024

Bank of Canada

Summary: Bank of Canada Cuts Interest Rates Amid Easing Inflationary Pressures

Overview On Wednesday, the Bank of Canada (BoC) reduced its benchmark interest rate for the third consecutive time, aligning with widespread expectations. This decision reflects ongoing easing in broad inflationary pressures. The central bank cut the interest rate by 25 basis points, bringing the policy rate down to 4.25 per cent. Further cuts are anticipated throughout the year. Economic...

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