Policy interest rates needed to increase from their pandemic lows, but there is a question of how far central banks really need to lean against apparently strong demand. What appears to be demand-driven could be a ripple effect from supply shocks affecting other products. When Cyclone Larry hit North Queensland in 2006, most of Australia’s […]
The Bank of Canada cut the overnight rate to 4.75% (from 5.0%), while stating that it will continue with Quantitative Tightening (QT). The Bank spoke confidently about the economy, stating “economic growth resumed in the first quarter of 2024 after stalling in the second half of last year.” It highlighted that “consumption growth was solid […]
The post Bank of Canada Cuts Its Policy Rate to 4.75%! appeared first on Action Forex.
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