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<ul class="wp-block-list news-points">
 <li><strong>The Bank of Canada reduced its key policy rate to 4.25% for the third time due to easing inflationary pressures.</strong></li>
 <li><strong>Canada’s inflation rate dropped to a 40-month low of 2.5% in July but remains above the BoC’s 2% target.</strong></li>
 <li><strong>U.S. job vacancies in July fell to 7.673 million, marking the lowest level since early 2021 and missing market forecasts.</strong></li>
</ul>
<p class="has-text-align-center"><strong><a href="https://coinedition.com/canadians-show-reluctance-to-embrace-cbdc-at-scale-bank-of-canada/" rel="noopener noreferrer nofollow">Read also: Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada</a></strong></p>
<p>The Bank of Canada (<a href="https://coinedition.com/canadians-show-reluctance-to-embrace-cbdc-at-scale-bank-of-canada/" rel="noopener noreferrer nofollow">BoC</a>) lowered its key policy rate by 25 basis points to 4.25% on Wednesday, its third consecutive rate cut, reported by Wu Blockchain. This move was prompted by easing inflationary pressures, with Canada’s inflation rate falling to a 40-month low of 2.5% in July.</p>
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   <p lang="en" dir="ltr">The Bank of Canada cut its key policy rate by 25bps to 4.25% as expected on Wednesday, its third consecutive rate cut, citing continued easing of broad-based inflationary pressures. Canada's headline inflation rate fell to a 40-month low of 2.5% in July, still above its 2%…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1831334931211182275?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
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<p>While this decline is positive, inflation remains above the central bank’s 2% target, and the BoC forecasts an annualized rate of 2.8% for…</p>
<p>The post <a href="https://coinedition.com/bank-of-canada-cuts-rate-to-4-25-easing-inflation-worries/" rel="noopener noreferrer nofollow">Bank of Canada Cuts Rate to 4.25%, Easing Inflation Worries</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bank of Canada Cuts Rate to 4.25%, Easing Inflation Worries

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