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BoC Policy: 50 Shades of Easing
The Bank of Canada cut its key overnight rate 50 basis points to 3.25% today, as largely expected and its fifth consecutive trim for a cumulative 175 bps of rate relief. The Bank thus retains the crown of most aggressive rate-cutter in the world (no other G10 central bank has cut by more than 125 bps, and the Fed is at 75 bps so far). However, even with the meaty cut, the Canadian dollar actually found a footing after the announcement, as the Bank clearly signalled that the pace of cuts will cool markedly in coming meetings, assuming the economy provides no major surprises. While we would not go so far as to say the ... (full story)
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- Posted: Dec 11, 2024 4:22pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,117
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