The Bank of Canada (BOC) announced a 25 basis point cut in its benchmark interest rate to 4.5% on the 24th. The Bank of Canada said that the inflation rate in June fell to 2.7%, and inflationary pressures were generally eased. The core inflation rate remained below 3% in the past few months and is expected to fall to around 2.5% in the second half of the year, continuing to decline until 2025. The Bank of Canada predicts that the country's economy will continue to grow, with gross domestic product (GDP) expected to grow 1.2% this year, 2.1% in 2025, and 2.4% in 2026. (Xinhua News Agency)
加拿大央行宣布下调基准利率至4.5%
The Bank of Canada announced a reduction in the benchmark interest rate to 4.5%.
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