What the Bank of Canada’s interest rate cut means for you
The Decibel
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Bank of Canada Cuts Interest Rates
The chapter explores the Bank of Canada's decision to lower the policy interest rate by a quarter point, the first cut in four years. It delves into the balancing act between stimulating the economy and controlling inflation, with predictions of more interest rate cuts in the future. The discussion also highlights the caution exercised by the central bank in making adjustments and the importance of influencing expectations to shape economic behavior.
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