​Bank of Canada Cuts Rates For Third Consecutive Month, Says “Expect Further Cuts” – Tyler Durden

Bank of Canada Cuts Rates For Third Consecutive Month, Says “Expect Further Cuts” While Hungary may have already ended its rate cuts as prices surge and the currency tumbles, becoming the first central bank this cycle to prematurely end its easing cycle, other central banks have a ways to go before they get there, and moments ago the Bank of Canada cuts its overnight lending rate by 25bps for the 3rd consecutive time, as all economists expected, and citing continued easing in inflationary pressures. A redline of the latest two statements shows the bank’s reasoning for the continued rate cuts:…  — Continue at ZeroHedge News : Read More