BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
As projected in our Event Guide, the Bank of Canada (BOC) cut its overnight interest rates by 50 basis points from 4.25% to 3.75% in October. This marked its fourth consecutive rate cut since June. In its statement, the central bank cheered the inflation hitting the 2% target and the measures of core inflation falling…