Canada Lowers Interest Rate Again

Updated:

Published:

Canada Lowers Interest Rate Again
Photo: Sean Kilpatrick/AP/TT

Canada's central bank lowers the interest rate by 0.25 percentage points to 4.25 percent. Signs of decreased inflation and a generally weakened economy are cited as reasons.

Wednesday's interest rate cut is the third in a short time in Canada, where the interest rate has been at 5.0 percent for almost a year – the highest level in two decades.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...