Lates News

Minutes of the Bank of Canada meeting: Members in favor of lowering interest rates emphasized the need to take timely action, considering the lag in the transmission of monetary policy actions to the economy and inflation. Members in favor of lowering interest rates stated that as long as medium- to long-term inflation expectations remain stable, the central bank has flexibility to further lower interest rates. Supporters of lowering interest rates mentioned recent easing of inflation risks and signs of economic weakening.