Central bank considered smaller rate cut in October before settling on half point reduction
That’s according to the central bank’s summary of deliberations released Tuesday, which details the governing council’s ...
Global News on MSN4d
Bank of Canada worried jumbo rate cut would send sign of ‘economic trouble’
COVID-19 pandemic. That oversized step brought the policy rate down to 3.75 per cent. But a summary of the governing ...
Bank of Canada says it is starting to see impact of recent rate cuts
The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy ...
Bank of Canada Half-Point Cut Triggered Worries Over Rate Expectations, Minutes Say
Some governing-council members expressed concern that the cut could lead to assumptions that the policy interest rate would ...
Bank of Canada’s Tiff Macklem Says Pace and Scope of Rate Cuts Still to Be Determined
Bank of Canada Gov. Tiff Macklem said the central bank’s policy rate is headed downward, but the pace, timing and scope of ...
Bank of Canada ready for another half-point rate cut if warranted, Macklem says
Governor Tiff Macklem says the bank’s recent interest rate cuts are starting to feed through into the economy, with an uptick ...
Bank of Canada had ‘strong consensus’ for October’s half-point rate cut
Members felt confident inflation pressures would continue to subside, according to a summary of rate-decision deliberations ...
Macklem Says Bank of Canada Will Have to ‘Discover’ Where Neutral Rate Is
Last week, policymakers cut the policy rate by 50 basis points to 3.75%. Easing by that amount doesn’t often happen in Canada ...
U.S. News & World Report9d
Canada's Economy Likely Missed Central Bank's Third Quarter Growth Forecast
OTTAWA (Reuters) - Canada's gross domestic product was unchanged in August before likely expanding by 0.3% in September, data showed on Thursday, indicating the economy missed the central bank's ...
Some at Bank of Canada Feared Jumbo Cut Would Be Misunderstood
Some Bank of Canada officials worried cutting interest rates by half a percentage point would be misinterpreted as a sign of ...
Weaker-Than-Forecast Growth to Keep Bank of Canada Cutting
The Canadian economy is still in need of more fuel from interest-rate cuts, with third-quarter output growing slower than the Bank of Canada’s latest estimate.
Macklem says Bank of Canada will have to 'discover' neutral rate
While policymakers estimate the range to be between 2.25 and 3.25 per cent, Macklem reiterated that the conditions that would ...