welcome
financialpost

financialpost

Business

Business & Economics

Bank of Canada cuts interest rates: Read the official statement

financialpost
Summary
Nutrition label

82% Informative

The Bank of Canada reduced its target for the overnight rate to 3 per cent , with the Bank Rate at 3.25 per cent and the deposit rate at 2.95 per cent .

The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening.

Projections in the January Monetary Policy Report ( MPR ) published today are subject to more-than-usual uncertainty.

VR Score

92

Informative language

95

Neutral language

68

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

9