“Strong consensus” within the BoC Governing Council on the need for a 50 basis point reduction in October Debt Guru
The six-member Council based the decision on clear signs that inflation had stabilized near target levels and emerging concerns about weak economic growth and slowing employment. According to the summary of the Governing Council’s deliberations at the October 23 rate meeting, “as members considered the benefits of reducing the policy rate by 25 basis points, … Read more