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
Last Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
CBC News
& t. m( W* K$ }# B" p+ Y
6 Z& R& G8 K0 ^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.

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.

"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.
" ?6 U# B3 @6 r
4 z( C+ c6 q2 Q"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."
- e2 L, `4 d3 M% T9 a- E- A/ Z
Economists 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" w7 s9 B8 l1 ?# j3 x7 }
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.