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| Name | Bank of Canada delivers 1st interest rate cut since March 2020 |
| Video Uploader | Video From Global News |
| Upload Date | This Video Uploaded At 05-06-2024 16:24:20 |
| Video Discription | It's the news that millions of Canadians have been waiting for. The Bank of Canada has ended their historic interest rate increase cycle, by cutting their key rate of the first time since the start of the COVID-19 pandemic. The benchmark interest rate was reduced Wednesday by a quarter-percentage point, marking a significant turning point in the central bank’s efforts to tame inflation. The Bank of Canada’s policy rate now stands at 4.75 per cent, following six consecutive holds in previous meetings. Global’s Mackenzie Gray visited the Bank of Canada Wednesday morning to break down governor Tiff Macklem's decision. For more info, please go to https://globalnews.ca/news/10546405/bank-of-canada-interest-rate-june-2024/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews u7ylIx3b0rI |
| Category | News & Politics |
| Tags | global news | Bank of Canada | BoC | Interest rate announcement Canada | Canada interest rate announcement | Bank of Canada Governor Tiff Macklem | Money | Finance | Are interest rates going to be cut in Canada | When will interest rates get cut | inflation | Canada inflation | Prime Minister Justin Trudeau | Canada economy | Liberal government | Finance Minister Chrystia Freeland | Housing | Canada housing | Mortgage rates | Canada housing market | Housing market Canada |
