On Wednesday, the Bank of Canada (BoC) reduced its key policy rate by 25 basis points to 4.75%, marking its first rate cut in just over four years (since March 2020) and becoming the first Group of Seven (G7) central bank to implement such a move.

On Wednesday, the Bank of Canada lowered its key benchmark rate by 50 basis points to 3.75 percent, marking its first significant cut in over four years. The central bank pointed to indications that Canada has entered a period of low inflation.

Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady downward trend in borrowing costs over the next year as inflation eases.

The UK is less than a day away from finding out who the next Prime Minister will be. The winner of the Tory leadership contest will lead the UK in its exit from the EU later this year.

Fed sticks and does not pre-commit to March, but also didn’t rule it out totally– yes inflation is at 2% annualised etc but it’s not well anchored yet and that is what the Fed is working on – the assumption that to cut too soon risks undoing all the good work they have achieved.