US EditionBank of Canada Cuts Interest Rate as U.S. Trade and Tariffs Loom Large
The Bank of Canada cut its key interest rate to 2.25% due to concerns over sluggish growth and trade war uncertainties despite rising inflation and strong employment.
8 Articles
8 Articles
Bank of Canada Expected to Cut Ahead of Carney's Budget
(Bloomberg) — The Bank of Canada is likely to cut interest rates to help an economy that’s suffering more damage from US tariffs, even as Prime Minister Mark Carney finalizes plans for a stimulative budget to boost growth.
The country's economy is experiencing a difficult period
[New York Joint] The Bank of Canada (central bank) announced on the 29th that it would lower its policy interest rate by 0.25% to 2.25%. This marks the second consecutive interest rate cut. In a statement, the Bank of Canada explained the reason for the rate cut, saying, "Given the weak economic situation and the outlook for inflation to remain near the target of 2%,
Bank Of Canada Lowers Key Interest Rate But Signals Cuts May Be Done
The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday and signalled it may be satisfied with where the policy rate sits amid ongoing U.S. trade uncertainty. The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut. Bank of Canada governor Tiff Macklem told reporters after the announcement that monetary policy-makers feel the policy rate is at “about the right level” to keep inflation close …
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