Bank of Canada cuts key interest rate to 4.75%

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The Bank of Canada has lowered its key interest rate to 4.75 per cent.

Bank cut its rate by 25 basis points

Jenna Benchetrit · CBC News ·

A man and a woman in suits sit behind a desk with microphones, flanked by Canadian flags.
Bank of Canada governor Tiff Macklem and Carolyn Rogers, senior deputy governor, hold a press conference at the Bank of Canada in Ottawa on March 6. The Bank of Canada lowered its key interest rate to 4.75 per cent on Wednesday. (The Canadian Press/Sean Kilpatrick)

The Bank of Canada has lowered its key interest rate to 4.75 per cent.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.

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