Canadian central bank cuts rates

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22 July 2015

 

Last week the BoE chief’s former home, the Bank of Canada, lowered its benchmark interest rate to 0.50% from its previous 0.75%. The change was expected as Canadian GDP is likely to be negative for both the June and March quarters, meeting the technical definition of an economy in recession. The cut is the second decrease this year and quite well flagged, unlike the first rate change in January which...

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