Bank of Canada Cuts Interest Rates by 0.25 Percentage Points to 4.5%

Today, the Bank of Canada (BoC) lowered its benchmark interest rate by 0.25 points to 4.5%, continuing policy normalization started in June. Previously, the bank had similarly lowered its rate. The BoC’s announcement projects global economic growth at about 3% annually until 2026. Moreover, it highlighted that although inflation exceeds central bank targets in most […]