The key rate will be reduced by 0.5 percentage points to 1.25 percent, the Central Bank on Wednesday in Ottawa. Economists had expected a smaller step of 0.25 percentage points. Canadian Dollar / Euro (CAD/EUR) reductions 0,6701 EUR +0,0013 (+0,20%), except over-the-counter To the course dataFurther interest rate possible
the spread of The Coronavirus that it represents a "negative shock" to the canadian economy and the world economy. The Central Bank was ready to cut interest rates if necessary. The decision is part of a global response to the crisis. Already on Tuesday, the US Central Bank had reduced the key interest rate by 0.50 percentage points. The Central banks and Finance Ministers of the G7 countries had signalled on Tuesday a willingness to take action.
topic: Due to Virus-epidemic - US-based Bank cuts key interest rate by a surprising 0.5 percentage points corona virus outbreak in the News Ticker - Lindauer students in quarantine clinic is Corona-Drive-In Successfully in the largest financial market in the world with the signal service Devisen100 act. (Partner offer) for a signal service 30-day free trial! Stock market expert: Now is the time for countercyclical Investing FOCUS Online stock market expert: Now is the time for anti-cyclical investmentshyo/dpa Date Of Update: 04 March 2020, 18:00