Bank of Canada expected to cut key interest rate

Posted: October 23, 2024 7:49 am
By Web Team

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Today, the Bank of Canada will announce its decision on the target for the overnight rate. 

The Bank will also publish its quarterly Monetary Policy Report at the same time as the rate decision.

The rate announcement will come at 11:15 a.m. Newfoundland time.

With inflation down and cuts to the key interest rate three times so far, another cut is expected today.

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