Bank of Canada drops rates 3/4 percent

The Bank of Canada dropped its key rate targets by 0.75% Tuesday responding to a “lower profile for core inflation than had been projected at the time of the last Monetary Policy Report in October.” Central Bank Rates at a Glance

US Federal Reserve Federal Funds Rate: 1% US Federal Reserve Discount Rate: 1.25% Bank of Canada Overnight Rate: 1.5% European Central Bank minimum bid rate 2.5% European Central Bank marginal lending facility 3% European Central Bank deposit facility 2% Bank of England official Bank Rate 2%

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December 9 2008, 10:58pm | Original Link »

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