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
, d5 t9 T( [. Z. V# }; OLast Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
, {( Z9 n& [. D: w  Y5 _' ?CBC News

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.
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# Y* O+ F, ~. LWith 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.
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"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.
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* V5 p* C. _9 e' ]2 `4 c"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."

' V. G+ ?# S% m! d" T+ X: qEconomists had been divided over whether the central bank would cut by one-half of a percentage point or go with a more aggressive reduction.
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& [5 q# w0 |5 F, h) ?/ cIn 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.