Bank of Canada Lowers Rates to 4.75%, First G-7 to Ease Policy
TL;DR Summary
The Bank of Canada has cut its policy interest rate by 25 basis points to 4.75% due to easing inflation and slower economic growth, while continuing quantitative tightening. The central bank remains cautious, monitoring inflation risks and economic indicators closely, and may consider further rate cuts if inflation continues to decline towards the 2% target. The effectiveness of rate hikes in Canada compared to the US is partly attributed to the structure of Canadian mortgages, which more directly impact existing borrowers.
- Bank of Canada Cuts by 25 basis points, to 4.75% as Economy and Inflation Slowed. QT Continues WOLF STREET
- Bank of Canada reduces policy rate by 25 basis points Bank of Canada
- Bank of Canada Cuts Rates to 4.75%, Signals More to Come Bloomberg
- Interest rate in Canada cut by quarter of percentage point: BoC CTV News
- Bank of Canada Cuts Rates to Become First G-7 Central Bank to Ease Policy The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
4 min
vs 5 min read
Condensed
90%
834 → 81 words
Want the full story? Read the original article
Read on WOLF STREET