加央行又降息0.75%,利息至50年最低

Ironman

Bank of Canada chops borrowing costs to 50-year low
* ~- ^! ]1 V  v6 p$ O7 gLast Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
CBC News

9 j6 Y, p# F9 r4 ^2 T7 z7 K" RThe Bank of Canada chopped a key interest rate by three-quarters of a percentage point on Tuesday as the central bank moves to combat economic weakness.

With the interest rate reduction — which was the biggest drop since one of a similar size in October 2001— the bank's overnight rate now stands at 1.5 per cent, a level not seen since 1958.
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"While Canada's economy evolved largely as expected during the summer and early autumn, it is now entering a recession as a result of the weakness in global economic activity," the bank said.

' o9 u0 h6 k3 n2 b5 }$ `" [+ s7 H"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."

0 l8 P  y# I0 M! p1 C3 ^% b, yEconomists had been divided over whether the central bank would cut by one-half of a percentage point or go with a more aggressive reduction.

% m  L9 f5 X9 b7 iIn the wake of the Bank of Canada's decision, the Canadian dollar was trading down 0.93 of a cent to 78.81 cents US.