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Placeline/People

City Ottawa

State Province Ontario

Country Canada

Bank of Canada delivers half-percentage-point rate cut

Bank of Canada governor Tiff Macklem announces a half-percentage point interest rate cut, marking the fourth consecutive rate cut since June and bringing the central bank's policy interest rate down to 3.75 per cent. Macklem says the Bank's job has shifted from lowering inflation to maintaining it around the inflation target of two per cent. (Oct. 23, 2024)

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Unique identifier: CP173388323

Legacy Identifier: b_Interest-Rate-Macklem20241023T1500

Type: Video

Duration: 1m10s

Dimensions: 1920px × 1080px 140.92 MB

Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE.

Create Date: 10/23/2024 3:00:00 PM

Display aspect ratio: 16:9