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Bank of Canada cuts rates by 50 basis points
Posted on December 12, 2024 |
The Bank of Canada has lowered its overnight rate target by 50 basis points to 3.25%.
The Bank Rate is now set at 3.50%, and the deposit rate remains at 3.25%.
It will continue its policy of balance sheet normalization.
The next announcement regarding the overnight rate target will be on January 29th.