– Bank of Canada Cuts Rates By 25bps As Expected, First G7 Central Bank To Launch Easing Cycle:
As widely expected after significant dovish commentary in recent months, moments ago the Bank of Canada cut rates by 25bps from 5.00% to 4.75% as a majority of economists expected, and signaled that it is “reasonable to expect further cuts” if inflation eases.
The 25bps cut, which comes just under a year since its last 25bps rate hike in July 2023, means that Canada is the first G7-member central bank to launch an easing cycle.
* * *
PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP