Fed to cut interest rates by quarter-point
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The Reserve Bank kept the interest rate on hold despite speculation that a surprice cooling of inflation could open the door for a cut.
The Bank of Canada announced on Wednesday that it's lowering its key interest rate by 0.25 points from 2.75 to 2.5 per cent.
The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: "Good morning. I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision.