Bank of Canada - Banque du Canada

Bank of Canada - Banque du Canada

Bank of Canada cuts key interest rate further to 4.5%

Move was widely expected by economists after inflation eased in June.

The Bank of Canada has made the decision to cut its key interest rate to 4.5%, a move that was anticipated by many economists following a decrease in inflation rates in June. This decision is expected to have an impact on various sectors of the economy, including borrowing rates and consumer spending.

The Bank of Canada's move is part of its efforts to stimulate economic growth and mitigate the effects of inflation. This decision is likely to have implications for businesses and individuals across Canada, as they adjust to the changes in interest rates and their financial implications.