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Odds of a Bank of Canada Micro Rate Cut Diminish Following Rate Decision

Author: External Author | | Categories: Mortgage Rates

A growing chorus of voices suggesting the possibility of a “micro” Bank of Canada rate cut were tempered following a slightly more “hawkish” rate announcement on Wednesday.

Ever since BoC Deputy Governor Paul Beaudry’s suggestion in December that the Bank could take interest rates lower than its current 0.25% policy rate—though not below zero—many started to believe the Bank may deliver a 10- or 15-bps rate cut (smaller than its traditional 25-bps rate movements) to combat floundering economic performance.

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Original Article Source Credits:    CANADIAN MORTGAGE TRENDS ,

Article Written By:  Steve Huebl

Original Article Posted on:  January 21, 2021

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