US and Canadian central banks set for first rates decisions of 2025

Quick Summary:

Economists expect the BoC to cut the interest rate for a sixth consecutive meeting, to 3 per cent — the lowest level since September 2022.

The Federal Reserve will almost certainly begin 2025 by keeping interest rates on hold at between 4.25 to 4.5 per cent.

Earlier in the day, the Bank of Canada is projected to cut interest rates for the sixth consecutive meeting.

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Article Details

Author / Journalist: Peter Wells

Category: MarketsFinanceInvesting

Markets: United StatesBrazilCanadaChinaJapanMali

Topics: Bank Trump Rate First Central Interest Policy Cent Federal Rates Expected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 14:03:16 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 168 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25605898

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 8 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

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