BoC delivered a widely expected 25bps rate cut, bringing the overnight rate down to 2.75%. In its statement, BoC highlighted that the rapidly evolving trade policies are injecting “more-than-usual uncertainty” into economic outlook. The central bank acknowledged that escalating trade tensions and newly imposed US tariffs could dampen economic growth while simultaneously increasing inflationary pressures. […]
The post BoC lowers rates to 2.75%, warns monetary policy can’t counter trade war fallout appeared first on Action Forex.
