RSS

The Bank of Canada cuts interest rates

Posted on by
The Bank of Canada cuts interest rates

The Bank of Canada announced on October 23rd that they will cut their policy interest rate by 50 bps which brings the current overnight rate to 3.75%. The Canadian economy continues to show signs of weakness and recent inflation figures dipped to 1.6% last month, below the 2% target. This has prompted the Bank of Canada to cut rates further to avoid inflation further decelerating and potentially risking deflation.

Save money on a new mortgage or refinancing! Check out our TRU Realty partners - https://trurealty.ca/partners.html

Comments:

No comments

Post Your Comment:

Your email will not be published
Powered by myRealPage.com
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.