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Business & Economics

BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward

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Summary
Nutrition label

74% Informative

The Bank of Canada lowered its key interest rate by half a percentage point today .

The decision marks the fifth consecutive reduction since June .

Governor Tiff Macklem signalled the central bank will likely take a more gradual approach to monetary policy.

The central bank opted for two large rate cuts in a row because inflation and economic growth don't need to be restricted anymore.

VR Score

81

Informative language

83

Neutral language

80

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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