OTTAWA, Ontario, January 22, 2008 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent.
In the second half of 2007, the Canadian economy grew broadly in line with the Bank’s expectations in …
Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent
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