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Bank of Canada Lowers Policy Rate to 3% and Concludes Quantitative Tightening

Bank of Canada Lowers Policy Rate to 3% and Concludes Quantitative Tightening

by quiresoft | Jan 30, 2025 | Policy Rate

The Bank of Canada has announced a 25-basis point reduction in its overnight rate target, bringing it to 3%. The Bank Rate is now set at 3.25%, while the deposit rate stands at 2.95%. Additionally, the Bank has confirmed the completion of its balance sheet...

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