๐The Bank of Canada has implemented its third consecutive interest rate cut, reducing the key rate from 4.5% to 4.25%. This decision, anticipated by forecasters, comes as inflation continues to slow, prompting the central bank to ease its monetary policy. High interest rates earlier this year contributed to reducing inflation to 2.5% in July. Despite stronger-than-expected economic growth in the second quarter, with a 2.1% annualized increase, real GDP per capita shrank for the fifth consecutive quarter. Governor Tiff Macklem has indicated that further rate cuts are possible if inflation continues to decline.โ . ๐๐ฑ๐ฉ๐๐ซ๐ญ ๐๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐๐ฏ๐ข๐ฌ๐- ๐๐ญ ๐ ๐ญ๐ข๐ฆ๐ ๐๐ง๐ ๐ฉ๐ฅ๐๐๐ ๐๐จ๐ง๐ฏ๐๐ง๐ข๐๐ง๐ญ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐๐จ๐ฆ ๐๐๐ญ๐ญ๐๐ฆ ๐๐จ๐๐ข๐ฅ๐ ๐๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐ฃ๐จ๐ฆ.๐ฆ๐๐ญ๐ญ๐๐ฆ@๐๐ข๐๐.๐๐จ๐ฆ @jom_mattam . . #InterestRates #BankOfCanada #Inflation #EconomicUpdate #RateCut #CanadaEconomy #GDP #mnm #malayalisnearmeapp #canadaupdate #canadanews
130 Views