Tag Archives: Tiff Macklem
Bank of Canada Cuts Rates by 25bps as Expected
On Wednesday, the Bank of Canada reduced its key policy rate by 25 basis points to 4.25%, in line with expectations. Governor Tiff Macklem noted that due to sluggish economic growth, a larger rate cut might be necessary to support the economy. The central bank had maintained its benchmark rate at a two-decade high of […]