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...
Bullet Point Summary of Bank of Canada's October Interest Rate Announcement Bank of Canada: held overnight rate, 5%; Bank Rate, 5¼%; deposit rate, 5% Bank: continuing quantitative tightening policy Global economy: slowing; growth forecast: 2.9% (2023), 2.3% (2024), 2.6% (2025) US economy: stronger than expected China's economic activity: weaker than expected Euro area growth: slowed...
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