Bank of Canada Lowers Rates

This is a news story, published by financialpost, that relates primarily to The Bank of Canada news.

News about interest rates

For more interest rates news, you can click here:

more interest rates news

financialpost news

For more news from financialpost, you can click here:

more news from financialpost

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about

January Monetary Policy Report

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Bank Rate news, Canadian dollar news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Monetary Policy

financialpost

•

Business

Business & Economics

Bank of Canada cuts interest rates: Read the official statement

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

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive