Bank of Canada cuts interest rate to 2.25% as US tariffs weakened economy: Macklem скачать в хорошем качестве

Bank of Canada cuts interest rate to 2.25% as US tariffs weakened economy: Macklem

In a Bank of Canada (BoC) press briefing on Wednesday, Governor Tiff Macklem announced that the central bank cut its key interest rate by a quarter point, now standing at 2.25 per cent after a second consecutive cut. Macklem said that monetary policymakers feel the policy is at “about the right level” to keep inflation close to the bank's two per cent target while supporting the economy through tariff disruptions. Macklem said the central bank is expecting the pressures pushing inflation higher – costs related to tariffs, for example – will be largely offset by a weaker economy going forward. "U.S. tariffs and trade uncertainty have weakened the Canadian economy. We expect very modest growth through the rest of the year, with some pick up by 2026" Macklem said. For more info, please go to https://globalnews.ca/news/11500081/b... Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #BankofCanada #Economy