(Bloomberg) -- The Bank of Canada made its second straight outsize cut in interest rates and signalled policymakers are ready to slow down monetary easing. Officials led by Governor Tiff Macklem lowered the benchmark overnight rate by 50 basis points to 3.25% on Wednesday, bringing borrowing costs to the top end of the range of their estimate for the neutral rate — a level that’s neither restrictive nor stimulative for the economy.
https://www.bnnbloomberg.ca/business/economics/1970/01/01/bank-of-canada-cuts-key-interest-rate-by-50-bps-to-325/
(Bloomberg) -- The Bank of Canada made its second straight outsize cut in interest rates and signalled policymakers are ready to slow down monetary easing. Officials led by Governor Tiff Macklem lowered the benchmark overnight rate by 50 basis points to 3.25% on Wednesday, bringing borrowing costs to the top end of the range of their estimate for the neutral rate — a level that’s neither restrictive nor stimulative for the economy. https://www.bnnbloomberg.ca/business/economics/1970/01/01/bank-of-canada-cuts-key-interest-rate-by-50-bps-to-325/
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Bank of Canada cuts by half point to 3.25%, eyes slower pace
The Bank of Canada made its second straight outsize cut in interest rates and signalled policymakers are ready to slow down monetary easing.
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