Key lending rate drops to 4.25 per cent as inflation continues to ease
The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.
In his written remarks, governor Tiff Macklem says the central bank’s decision reflected two considerations.“Second, as inflation gets closer to target, we want to see economic growth pick up to absorb the slack in the economy so inflation returns sustainably to the two per cent target.” Macklem reiterated that if inflation continues to ease as expected, it is “reasonable” to expect more rate cuts.
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Bank of Canada cuts key interest rate again, signals more cuts aheadOTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.
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Bank of Canada cuts key interest rate again, signals more cuts aheadOTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.
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Bank of Canada cuts key interest rate again, signals more cuts aheadOTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.
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Bank of Canada cuts key interest rate to 4.25%The Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, the third consecutive cut since June.
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Bank of Canada cuts key interest rate to 4.25 per centThe Bank of Canada has cut its policy interest rate for a third consecutive time.
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