The Bank of Canada cut its benchmark interest rate by 50 basis points for the second consecutive decision on Wednesday, and signalled Canadians should expect a “more gradual” easing of rates going forward. The move, widely expected by markets and economists, brings the Bank’s policy rate to 3.25 per cent, the top of its neutral range estimate of between 2.25 and 3.25 per cent. Since June, the central bank has cut its benchmark rate by 175 basis points Link to Article
Bank of Canada cuts interest rate by 50 basis points!
Wednesday December 11, 2024
