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
* I2 e3 e% V: I$ z3 V' ]
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.
8 V  o) {" w) o5 X1 \- t; l1 Q6 D
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.
" S6 P* F2 y7 B# k/ `
"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.
7 r, n7 D* P& Y8 G6 c/ i* R( r
"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."
; l& N( |. U! v+ _' s
3 o2 I: |3 \6 B8 }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.
0 i. G" V2 V- X3 d) F* {* K
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.