Bank of Canada Reducing toes of interest and calls the “new crisis” to the US again rejected expectations that the “new crisis” is in a predetermined cutting path.
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Governor Tif MacLemom reduced the policy rate to 2.75%. The lowest level after September 2022.
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“We are now facing a new crisis. According to the scope and length of the new US tariffs, the economic impact will be hard,” McLem said in his prepared references.
The uncertainty of the tariff disposal is called “widespread” and that is already harming the threat of the Tariff.
At the same time, the bank will be carefully forward to borrowing the cost of borrowing. “
The Canadian dollars were blocked after reducing the rate. This was trade by 0.1% for US $ 1.4420 for US $ 1.4420. The number of billions of Canada government has risen to 2.525 per cent.
The policy makers are repeated to how much they think they do not interfere. The tariff war will come in inflation, and bank said the bank said it will have the impact of consumer prices.
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Cash Policy cannot prohibit the implications of a trade war. Make sure it does not lead to the current inflation of high prices to do. “
Confirmed that the integrated, communications and 25 basis cut confirmed. Officials said their response was limited to the comparison of the policy rate compared to 0.25 per cent.
In the last paragraph of the statement, the unit of inflation will be closely monitored by inflation expectations. When a new survey is completed, the tariffs raised by users will see the rates.
The expections are based on the increase in inflation, “she said.
The growth trafficking of the Canadian economy and the fourth quarters is faster than the fourth quarter than officers and expected to the above revision of the fourth quarter than the burial. The rates of reducing their rates to increase consumption and shelter.
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Officials said the tariff war has threatened the country’s job film.
Trade tensions have a tall warning marks, “will disrupt the recovery in the job market,” said the bank statement.
They said the central bank said that the Central Bank is in a “frightening situation.” But there is no good way, “he said.
On Wednesday Cut “May be only a band-aid, but we haven’t known the US trade policy,” we don’t know yet, “we don’t know yet,” We don’t know. “
The bank has been allowed to take the banks for our judgment and domestic power. “
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Stephen Brown, Capital Economic, Capital Economics, said the bank is reluctant to allege the way to the policy of policy support.
“While prices of prices followed changes in a delay, the tariff-related price increases will be more immediately, it will increase the risk,” he told investors, “he told investors.
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Trump was introduced by 25 percent levies in the last week and Mexican goods, but a month delay was offered to obey the North American trade agreement. He threatened the major new tariffs against Canadian wood and diary. Tariff has published 25 per cent of the Canadian Steel and aluminum and aluminum.
Canada will remain lower than $ 30 billion in US goods ($ 20.8 billion) in US goods ($ 20.8 billion). If the Northern Country still intends to engage in April 2, it intends to impose sides unless they are pulled out.
Privacy Steps and Looney’s recent debt against US dollar are in the expenses of trade disputes.
“The weakening Canadian dollars and new revenge greaters are more expensive. The businesses tell us that the uncertainty is carrying new expenses.
Macleem and senior deputy Governor Rogers will talk to Ottawa at 10:30 am.
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(Applying Market, paragraph six paragraphs to financial reaction.)
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