_bitcoin-soars-above-3671000-as-bank-of-canada-cuts-interest-rates-for-the-first-time-in-four-years.jpg "Bitcoin Soars Above $71,000, as Bank of Canada Cuts Interest Rates for the First Time in Four Years from weather forecast november 2019 new york city Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 860K times
✓ Published: 07-Jun-2024
👁 View: 860K times
✓ Published: 07-Jun-2024
Description:
The Bank of Canada cut its benchmark interest rate by 25 basis points, the first cut in four years. The price of Bitcoin rose above $71,000, its highest since March, settling around $70,900. Lower interest rates are generally good for risky assets like Bitcoin, as they make borrowing money cheaper and increase the money supply. The Bank of Canada governor said confidence in returning inflation to their 2% target has increased. The US Federal Reserve is expected to keep rates steady in June but cut by September according to market forecasts.
The Bank of Canada cut its benchmark interest rate by 25 basis points, the first cut in four years. The price of Bitcoin rose above $71,000, its highest since March, settling around $70,900. Lower interest rates are generally good for risky assets like Bitcoin, as they make borrowing money cheaper and increase the money supply. The Bank of Canada governor said confidence in returning inflation to their 2% target has increased. The US Federal Reserve is expected to keep rates steady in June but cut by September according to market forecasts.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_researchers-warn-australian-snow-seasons-could-vanish-within-50-years.webp "Australia's ski season is about to get even shorter, with new modelling detailing what's in store for the nation's most popular resorts. Video via AAP.")
_fortnightly-weather-outlook-16-30-nov-2019.webp "Meteorological Service Singapore")
_weather-forecast-28-november-2019.webp "eNCA")
_today39s-weather-4-a-m-124-june-9-2024.webp "Today's Weather, 4 A.M. | June 9, 2024<br/><br/>Video Courtesy of DOST-PAGASA<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#WeatherUpdateToday <br/>#WeatherForecast")
_november-2019-forecast.webp "GavsWeatherVids")
_temple-update-november-7-2019.webp "Jim Kenney was reelected as Mayor of Philadelphia, and Victoria Lucas is live from City Hall to report on the election. Connor Smith joins Aleeya Mayo and Jane Vitelli at the news desk to discuss Temple's new research study on Zika virus. Update reporters are at J&H Residence Hall to talk to Baker Dave, who is leaving Temple after nearly 17 years. #YouAreWelcomeHere Week kicks off at the Bell Tower, and the 5th annual Veterans Parade and Festival is held on Sunday to honor our nation's heroe")
_weather-forecast-for-19-november-2019.webp "eNCA")
_weather-forecast-22-november-2019.webp "eNCA")
_researchers-warn-australian-snow-seasons-could-vanish-within-50-years.jpg)
_fortnightly-weather-outlook-16-30-nov-2019.jpg)
_weather-forecast-28-november-2019.jpg)
_today39s-weather-4-a-m-124-june-9-2024.jpg)
_november-2019-forecast.jpg)
_temple-update-november-7-2019.jpg)
_weather-forecast-for-19-november-2019.jpg)
_weather-forecast-22-november-2019.jpg)
![[+]](/images/menu.gif){kind=small}