Preview: Bank of Canada Seen Set to Trim Key Interest Rate by Another 50 Basis Points to 3.25% Wednesday, Likely to Signal More Cuts Coming to Prop Up Economy
By Max Sato (MaceNews) – The Bank of Canada is widely expected to slash its policy interest rate – the target for overnight lending rates – by yet another large-sized 50 basis points to 3.25% on Wednesday to safeguard the economy from the chilling effects of its own 17-month rate hike campaign through mid-2023 aimed […]