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

July 24, 2024, 09.13 PM | Source: Reuters
FULL TEXT - Bank of Canada Cuts Rates by 25 bps to 4.50%

ILUSTRASI. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo GLOBAL BUSINESS WEEK AHEAD SEARCH GLOBAL BUSINESS 10 JULY FOR ALL IMAGES

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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