Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points
Briefly

from Coindesk10 months ago
[It is] reasonable to expect further cuts to our policy interest rate" if inflation continues lower, said BoC Governor Tiff Macklem in prepared remarks following the decision.
Coindeskhttps://www.coindesk.com/markets/2024/06/05/bank-of-canada-begins-g-7-rate-cut-cycle-trimming-benchmark-rate-25-basis-points/
With its action today, the BoC becomes the first of the G-7 central banks to begin what's expected to be a cycle of easier monetary policy after a multi-year battle to cool inflation.
Coindeskhttps://www.coindesk.com/markets/2024/06/05/bank-of-canada-begins-g-7-rate-cut-cycle-trimming-benchmark-rate-25-basis-points/
Traders currently have priced in a near-60% chance of a rate cut either prior to or at the Fed's September meeting, according to CME FedWatch.
Coindeskhttps://www.coindesk.com/markets/2024/06/05/bank-of-canada-begins-g-7-rate-cut-cycle-trimming-benchmark-rate-25-basis-points/
Read at Coindesk
#bank-of-canada #monetary-policy #bitcoin #central-banks #inflation
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