_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 canada com 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
Related Videos
_o-canada-walk-off-the-earth-2020.webp "Walk off the Earth")
_very-urgent-hiring-to-canada-direct-hire-fr0m-employers.webp "ZT Canada")
_earth.webp "Time lapse sequences of photographs taken by the crew of expeditions n28 & 29 onboard the International Space Station from August to October, n2011, who to my knowledge shot these pictures at an altitude of around 350 km. nAll credit goes to them.nnFull HD, refurbished, smoothed, retimed, denoised, deflickered, cut, etc.nAll in all I tried to keep the looks of the material as original as possible,navoided adjusting the colors and the like, since in my opinion the originalnfootage itself alre")
_blame-canada-south-park-bigger-longer-amp-uncut-3-9-movie-clip-1999-hd.webp "Movieclips")
⏲ 2 minutes 5 seconds 👁 3.9M
_battle-through-the-heavens-season-5-ep-100-101-preview.webp "<br/>Battle Through The Heavens Season 5 Ep 100-101 Preview")
_ted39s-qualifying-notebook-canada-grand-prix-2024-formula-1.webp "F1Fever")
_george-russell-avoids-arrest.webp "Kym Illman")
_the-peerless-tang-sect-soul-land-2-ep-52-eng-sub.webp "The Tang Sect in a chaotic environment. Nothing but a spirit of battle exists here. The Tang Sect is in relative decline ten thousand years after its foundation. A man with extraordinary talent was born. Can the Tang Sect be revived and restored to its former splendor with the new Shrek Seven Monsters? The new soul utensil system that caused the Tang Sect to collapse; a soul beast that is more than a million years old; Electrolux who can pick stars... There are many secrets that will come out. Can the Tang Sect's hidden weapons regain their edge? Can the Tang Sect recapture its previous splendor? <br/>")
_o-canada-walk-off-the-earth-2020.jpg)
_very-urgent-hiring-to-canada-direct-hire-fr0m-employers.jpg)
_earth.jpg)
_blame-canada-south-park-bigger-longer-amp-uncut-3-9-movie-clip-1999-hd.jpg)
_battle-through-the-heavens-season-5-ep-100-101-preview.jpg)
_ted39s-qualifying-notebook-canada-grand-prix-2024-formula-1.jpg)
_george-russell-avoids-arrest.jpg)
_the-peerless-tang-sect-soul-land-2-ep-52-eng-sub.jpg)
![[+]](/images/menu.gif){kind=small}