{"id":140479,"date":"2024-10-24T16:00:42","date_gmt":"2024-10-24T13:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140479"},"modified":"2024-10-24T15:35:26","modified_gmt":"2024-10-24T12:35:26","slug":"canada-cuts-interest-rates-for-fourth-time-as-inflation-drops-below-target","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/canada-cuts-interest-rates-for-fourth-time-as-inflation-drops-below-target\/","title":{"rendered":"Canada Cuts Interest Rates for Fourth Time as Inflation Drops Below Target"},"content":{"rendered":"

This significant cut<\/a><\/strong>, the largest in over four years, reflects a decline in inflation, which fell to 1.6% in September, below the bank\u2019s target of 2%.<\/p>\n

After previously raising rates to combat soaring prices, the central bank has shifted its approach since June, implementing a total of 75 basis points in cuts.<\/p>\n

During the news conference following the announcement, Governor Tiff McLem expressed optimism, stating that Canadians could feel relieved as the long battle against inflation is finally showing positive outcomes.<\/p>\n