Bank of Canada Begins G-7 Rate Cut Cycle, Trimming Benchmark Rate 25 Basis Points
cryptonews.net
recent economic data have revealed slowdowns in both economic growth and inflation Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%. The move was anticipated by most economists Canada had previously signaled satisfaction with the direction of inflation al
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- recent economic data have revealed slowdowns in both economic growth and inflation
- Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%.
- The move was anticipated by most economists
- Canada had previously signaled satisfaction with the direction of inflation alongside some concern about slowing economic growth.
- BoC becomes the first of the G-7 central banks to begin what's expected to be a cycle of easier monetary policy after a multi-year battle to cool inflation.
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