FULL TEXT - Bank of Canada Cuts Rates by 25 bps to 4.50%

July 24, 2024, 09.13 PM
Source: ReutersEditor: Yudho Winarto

KANADA - OTTAWA. The Bank of Canada released the following statement on Wednesday:

"The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

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