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With inflation below target, Bank of Canada expected to deliver supersized rate cut this week

CityNews
Summary
Nutrition label

82% Informative

With inflation below target, Bank of Canada expected to deliver supersized rate cut this week .

The central bank’s interest rate announcement on Wednesday comes after Statistics Canada reported the annual inflation rate in September tumbled to 1.6 per cent .

Governor Tiff Macklem said the central bank will be ready to cut rates more aggressively if inflation falls by too much.

VR Score

88

Informative language

90

Neutral language

64

Article tone

semi-formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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