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BOC Drops Rates with another Jumbo (50 BPS) Cuts

 
Key Takeaways from Tiff Maklem's press release; core inflation is expected to stay around 2% over the next few years.  Economy is in excess supply, and growth outlook is now softer than expected in October.  The effect of lower interest rates has elevated household spending, and future cuts - will be measured 'one decision at a time', suggesting slower, smaller cuts moving forward. 
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