{"id":109225,"date":"2024-12-11T18:58:26","date_gmt":"2024-12-11T14:58:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109225"},"modified":"2024-12-11T19:17:44","modified_gmt":"2024-12-11T15:17:44","slug":"boc-slashes-rate-policy-by-50-basis-points-as-expected","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boc-slashes-rate-policy-by-50-basis-points-as-expected\/12\/11\/market-updates\/","title":{"rendered":"BoC slashes rate policy by 50 basis points as expected"},"content":{"rendered":"\n<p>Bank of Canada (BoC) took a decisive step on Wednesday, slashing its policy rate by 50 basis points to 3.25%. This move, widely anticipated by market analysts, aligns with the central bank&#8217;s efforts to stimulate economic growth and combat inflationary pressures. <\/p>\n\n\n\n<p>The Canadian Dollar weakened further against the US Dollar in response to the rate cut, hitting a fresh four-year low. This decision comes as headline inflation in Canada showed a modest uptick in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada (BoC) took a decisive step on Wednesday, slashing its policy rate by 50 basis points to 3.25%. This move, widely anticipated by market analysts, aligns with the central bank&#8217;s efforts to stimulate economic growth and combat inflationary pressures. The Canadian Dollar weakened further against the US Dollar in response to the rate &hellip;<\/p>\n","protected":false},"author":13,"featured_media":42727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6932],"class_list":["post-109225","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109225"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109225\/revisions"}],"predecessor-version":[{"id":109270,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109225\/revisions\/109270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/42727"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}