The Bank of Canada has lowered its key interest rate to 4.75 per cent.Bank of Canada governor Tiff Macklem and Carolyn Rogers, senior deputy governor, hold a press conference at the Bank of Canada in Ottawa on March 6. The Bank of Canada lowered its key interest rate to 4.75 per cent on Wednesday. The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank's first rate cut since March 2020.
"We've come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the two per cent target has increased over recent months," Macklem said. U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: