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Canada Lowers Interest Rate Again

» Updated: 05 October 2024, 01:53

» Published: 04 September 2024

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.

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By TTThis article has been altered and translated by Sweden Herald

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