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The Bank of Canada (BoC) cut its overnight rate by 50 basis points, to 3.75%, while stating that it will continue with normalizing its balance sheet. With inflation having “declined significantly” over the last few months, the bank said it “expects inflation to remain close to the target over the projection horizon.” Notably in the […]

The post Bank of Canada Accelerates Rate Cuts, Points to Greater Confidence in Inflation appeared first on Action Forex.

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