The Bank of Canada has implemented its third consecutive rate cut, reducing its key interest rate to 4.25% on Wednesday, citing the ongoing easing of inflation. While the move was largely expected by economists, the gradual pace of these cuts has raised questions about when the central bank might take more significant action. “If we
Canada’s annual inflation rate dropped to a 40-month low of 2.5% in July, aligning with forecasts, while core inflation measures also eased, according to data released on Tuesday. This development supports expectations that the Bank of Canada may cut interest rates again in September. Analysts surveyed by Reuters had predicted a decrease in inflation to
The July meeting minutes reveal that a “vast majority” of policymakers considered it “appropriate” to lower borrowing costs. Last month, Federal Reserve officials indicated their readiness to begin cutting interest rates at their September meeting due to slowing job growth and easing inflation. Minutes from their July meeting, released on Wednesday, showed that the “vast