Source: Coindesk.com
As expected, the Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%.
The move was anticipated by most economists as policymakers in Canada had previously signaled satisfaction with the direction of inflation alongside some concern about slowing economic growth.
"[It is] reasonable to expect further cuts
Read More https://www.coindesk.com/markets/2024/06/05/bank-of-canada-begins-g-7-rate-cut-cycle-trimming-benchmark-rate-25-basis-points/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points" appeared first here Coindesk.com.
Source: Coindesk.com
