Bank of Canada cuts interest rates

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 13:45 GMT, Bank of Canada has decided that base interest rate will be decreased.BoC decision has created strong impulse to the CAD. Strong upside movement against the US dollar has been anticipated.

Previous base interest rate was 4.50%, new interest rate is lower by 0.25 basis points, as forecasted- 4.25%. Most likely central planner intentions with this decision is to boost forward-looking consumption.

Bank of Canada interest rate decision could possibly be a signal for further global monetary easing policy, as the global central banks embark on monetary easing cycle.
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