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
9 W& Y0 B) b' s6 }) n  nLast Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
CBC News
/ g2 S0 g8 n+ k  j6 ^2 x) F
The 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.

3 z! x) p8 r2 e% W8 B& `$ ]; AWith 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.

4 r/ C7 S% s5 [  m+ F! |"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.
+ \0 ~( l) a7 y" f0 A
$ z: K" R/ ]) B4 \0 y$ G- E"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."
" |6 E# ^; W" U* }% o  b, g
+ b9 ~( G- n$ g, n1 t  o9 PEconomists had been divided over whether the central bank would cut by one-half of a percentage point or go with a more aggressive reduction.
8 S6 F' R+ U) @/ i
In 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.