Bank of Canada Faces Uncertainty in Rate Cut Decision Amid Fed's Path on Nostr: Bank of Canada Cuts Benchmark Interest Rate by 25bps to 4.75% =============== ...
Bank of Canada Cuts Benchmark Interest Rate by 25bps to 4.75%
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#1b1d36c9 ver:0.52
Bank of Canada cuts benchmark interest rate by 25bps to 4.75%, signaling a new era of lower borrowing costs. Governor Tiff Macklem warns rates may not return to pre-Covid levels and expects solid GDP growth, but rising costs and low productivity remain concerns. Divergence in monetary policy with the US poses challenges, and rate cuts could weaken the Canadian dollar and raise inflation. Market expects further rate cuts in June or July. Bank of Canada cautious about potential economic resurgence and limits to divergence from US Federal Reserve's policy. #BankofCanada #interestrates #economy...
#newstr #BankOfCanada #InterestRate #MonetaryPolicy #Inflation #EconomicGrowth #Employment #MortgageRates #RealEstate #CanadianDollar
https://here.news/story/1b1d36c9?ver=0.52
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#1b1d36c9 ver:0.52
Bank of Canada cuts benchmark interest rate by 25bps to 4.75%, signaling a new era of lower borrowing costs. Governor Tiff Macklem warns rates may not return to pre-Covid levels and expects solid GDP growth, but rising costs and low productivity remain concerns. Divergence in monetary policy with the US poses challenges, and rate cuts could weaken the Canadian dollar and raise inflation. Market expects further rate cuts in June or July. Bank of Canada cautious about potential economic resurgence and limits to divergence from US Federal Reserve's policy. #BankofCanada #interestrates #economy...
#newstr #BankOfCanada #InterestRate #MonetaryPolicy #Inflation #EconomicGrowth #Employment #MortgageRates #RealEstate #CanadianDollar
https://here.news/story/1b1d36c9?ver=0.52