Bank of Canada's Silent Rate Decision

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interest rates

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Business

Business & Economics

Posthaste: Tariffs not the only uncertainty facing Bank of Canada in its next rate moves

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75% Informative

The Bank of Canada cut interest rates by 25 basis points to three per cent on Wednesday .

The central bank was mum on where it will go from here, which was a departure from recent practice.

Policymakers reduced interest rates for the sixth straight time, but still shy of the end rate in most economists’ opinions.

“The cross currents on the economic outlook are clouded enough that the bank eschewed any clear message about its plans for future moves,” one economist says.

Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year .

The Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

Today ’s Data: United States quarterly GDP, initial jobless claims and pending home sales.

Bank of Canada could hit pause by March if no tariffs are put in place.

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formal

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English

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