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Bank of Canada set to announce key rate decision, publish new forecasts
The Bank of Canada cut its benchmark rate to 2.25% due to economic weakness and trade conflict impacts, aiming to keep inflation near the 2% target, officials said.
- The Bank of Canada is set to announce an interest rate decision and publish updated economic forecasts for the first time since January.
- Most economists expect the central bank to deliver a second consecutive interest rate cut as the economy shows cracks in the face of U.S. tariffs.
- After forgoing economic forecasts for months due to trade uncertainty, the Bank of Canada will provide an update on its outlook for the economy and inflation path.
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Bank of Canada lowers key rate again, to 2.25 per cent
Despite mixed economic news, the Bank of Canada has cut its key interest rate once more.
·Kemptville, Canada
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Total News Sources48
Leaning Left26Leaning Right0Center6Last UpdatedBias Distribution81% Left
Bias Distribution
- 81% of the sources lean Left
81% Left
L 81%
C 19%
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