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The Bank of Canada cuts interest rate to 3.25%, aiming to balance inflation and economic growth.
The Bank of Canada cut its key interest rate by half a percentage point to 3.25%, marking its second consecutive large reduction.
This move aims to combat inflation despite weaker-than-expected economic growth.
The central bank is closely monitoring the economy, with further rate cuts expected to be more gradual.
The decision reflects the bank's concern over slower growth and its efforts to stabilize inflation near the 2% target.
4 months ago
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