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[New Crown Pneumonia] Canada cuts interest rate by 0.5% to 1.25% after Fed

2020-03-04T16:27:11.686Z

The Bank of Canada announced a rate cut of 50 pips to 1.25% on March 4. This is after the US Federal Reserve announced a rate cut a day ago, and then the National Bank of Canada cuts rates in response to 2019 Coronavirus disease (COVID-19, commonly known as Wuhan Pneumonia) . The Bank of Canada said this was in response to the "substantial negative impact" of the SARS-CoV-2 virus.

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Written by: Xu Anan

2020-03-05 00:18

Last updated: 2020-03-05 00:18

The Bank of Canada announced a 50-pip interest rate cut to 1.25%. This is after the US Federal Reserve announced a rate cut a day ago, and then the National Bank of Canada has cut interest rates in response to 2019 Coronavirus Disease (COVID-19, commonly known as Wuhan Pneumonia). The Bank of Canada said this was in response to a "significant negative impact" of the SARS-CoV-2 virus.

Source: hk1

All news articles on 2020-03-04

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