Central Banks
Bank of Canada Cuts to 4.25%, Eyes More Easing Ahead
- Macklem repeats more cuts likely if inflation keeps easing
- Policymakers say pause and half point cut are possible
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The Bank of Canada cut interest rates by a quarter percentage point for a third consecutive meeting, and reiterated that it’s “reasonable” to expect more easing to come if inflation keeps decelerating.
Policymakers led by Governor Tiff Macklem lowered the benchmark overnight rate to 4.25% on Wednesday, as widely expected by markets and economists in a Bloomberg survey.