The Bank of Canada cut its key interest rate target by 25 basis points to 4.25 per cent on Wednesday. Here is the text of the central bank’s decision:

The Bank of Canada today reduced its target for the overnight rate to 4.25 per cent, with the Bank Rate at 4.50 per cent and the deposit rate at 4.25 per cent. The Bank is continuing its policy of balance sheet normalization.

Here is the text of the central bank's decision.{ai:summary}<p>The Bank of Canada has reduced its key interest rate target by 25 basis points to 4.25 percent, with related rates adjusted accordingly. This decision is part of the ongoing policy of balance sheet normalization.</p><p>#economy</p>

Text of the Bank of Canada’s decision to cut its key interest rate to 4.25%

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