BoC Minutes: Sufficient progress justifies start of gradual easing

Summary of deliberations from BoC’s June meeting revealed consensus among Governing Council members, who noted “four consecutive months” of easing in core inflation and indicators suggesting continued downward momentum. They concluded that there had been “sufficient progress” to warrant the initial rate cut. BoC decided to reduce its policy rate by 25bps to 4.75% during […]

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