Bank of Canada Brings Policy Rate Back to Crisis Low

<p>The Bank of Canada cut its policy interest rate a further 50 basis points, to 0.25% (from 0.75%), in another inter-meeting cut. The level of the policy interest rate is now back to the lows reached in the Global Financial Crisis. Notably, the statement accompanying the decision referred to 0.25% as the ‘effective lower bound’ […]</p>
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