This is a news story, published by financialpost, that relates primarily to The Bank of Canada news.
For more interest rates news, you can click here:
more interest rates newsFor more news from financialpost, you can click here:
more news from financialpostOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
January Monetary Policy Report. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Bank Rate news, Canadian dollar news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Monetary Policyfinancialpost
•Business
Business & Economics
82% Informative
The Bank of Canada reduced its target for the overnight rate to 3 per cent , with the Bank Rate at 3.25 per cent and the deposit rate at 2.95 per cent .
The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening.
Projections in the January Monetary Policy Report ( MPR ) published today are subject to more-than-usual uncertainty.
VR Score
92
Informative language
95
Neutral language
68
Article tone
formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
6
