Bank of Canada: Bank of Canada reduces policy rate by 25 basis points

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Bank of Canada reduces policy rate by 25 basis points

Wednesday 05 June 2024 09:47 AM UTC+00
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

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