Bank of Canada says future rate cuts will only be gradual
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The Bank of Canada released a report that summarized deliberations that formed its April 10 decision to keep the bank rate unchanged. The headline from that report is that central bank officials are encouraged by falling inflation numbers, but they’re still waiting for some more evidence that the easing price pressures will be sustained.
They also cautioned that even once they start, any rate cutting cycle will be gradual.
Nojoud Al Mallees of The Canadian Press has a fuller report on the Bank of Canada’s release.
