Central Bank of Canada lowers key rate to 1.25% per annum

This is stated in a common message from the regulator.

It is clarified that the Canadian economy as a whole adheres to the planned CB indicators. At the same time, the regulator noted that “the COVID-19 virus is a significant negative impact on the growth prospects of the Canadian and world (economies) and the monetary and fiscal authorities are responding to this.”

Earlier, the US Federal Reserve lowered its key rate to 1-1.25% per annum from 1.5-1.75%.

The Russian Ministry of Finance commented on the US Federal Reserve rate cut.

More on the topic - in the material RT.