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Your email will not be published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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.