BoC to announce interest rate decision today

OTTAWA --

Forecasters are widely expecting the central bank to lower its key interest rate by a quarter of a percentage point, which would mark the first rate cut in more than four years. The Bank of Canada's key interest rate is currently sitting at five per cent, the highest it's been since 2001.If the Bank of Canada opts to lower its policy rate, it would be moving ahead of some of its central bank peers, including the U.S. Federal Reserve.

Governor Tiff Macklem is scheduled to hold a news conference at 10:30 a.m. eastern time to speak to media about the decision.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada interest rate decision today is widely expected to bring rate cut to CanadiansMost, but not all, economists expect the central bank will deliver a cut of 25bps later this morning, which would make it the first to move lower in the G7...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Potential Bank of Canada rate cut would jolt slow housing market, experts sayAny mortgage payment relief will be small at first, as the central bank is expected to cut rates slowly in the coming quarters, and many would-be buyers will remain priced out of the market
Source: PGCitizen - 🏆 65. / 51 Read more »