The meeting notes that a 25 basis point rate cut will help support growth and better balance inflation risks.
The Bank of Canada has announced the cancellation of interest rate guidance, and the threat of tariffs is imminent.
The Bank of Canada meeting notes: This group of members said a 50 basis point cut seems unlikely to bring interest rates below required levels in the next few meetings.
The Bank of Canada meeting notes: The decision to cut interest rates by 50 basis points reflects the lower than expected growth outlook and the fact that monetary policy no longer needs to be significantly restrictive.