_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 25 aljouker 963 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: 135K times
✓ Published: 07-Jun-2024
👁 View: 135K 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
_.webp "Aljouker 963")
_.webp "Aljouker 963")
![[ Hot Drama ] Fortunes Unveiled My Husband is a Big Shot](https://cdn2.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KG1OLomSwGJ81JQSHqxWzqP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_hot-drama-fortunes-unveiled-my-husband-is-a-big-shot-tv-box.webp "[ Hot Drama ] Fortunes Unveiled My Husband is a Big Shot")
_3-mai-2018.webp "Aljouker 963")
_dreaming-of-you-episode-25-124-hindi-dubbed-124-turkish-drama.webp "Dreaming Of You Episode 25 | Hindi Dubbed | Turkish Drama<br/>dreaming of you turkish drama episode 25<br/>dreaming of you episode 25<br/>doy episode 25<br/>dreaming of you turkish series episode 25<br/>doy turkish drama episode 25<br/>dreaming of you turkish drama episode 25 urdu dubbed")
_.webp "Aljouker 963")
![[ Hot Drama ] Fortunes Unveiled My Husband is a Big Shot](https://cdn10.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KG1ITAQSwGKISpTyxA1WlHP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_hot-drama-fortunes-unveiled-my-husband-is-a-big-shot.webp "[ Hot Drama ] Fortunes Unveiled My Husband is a Big Shot")
_ary-news-8-pm-headlines-124-5th-june-2024-124-salary-increase-good-news.webp "#budget2024 #Salaryincrease #pmshehbazsharif #headlines <br/><br/>-Iraq ‘seeks’ increase in flights from Pakistan during Muharram<br/><br/>-Solar net metering: Power division refutes speculations on policy<br/><br/>-Contempt case: SC rejects Mustafa Kamal’s apology<br/><br/>-PTI’s Sanam Javed, Aliya Hamza get bail in May 9 cases<br/><br/>-ADB approves $250m loan for Pakistan<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/>")
_.jpg)
_.jpg)
_hot-drama-fortunes-unveiled-my-husband-is-a-big-shot-tv-box.jpg)
_3-mai-2018.jpg)
_dreaming-of-you-episode-25-124-hindi-dubbed-124-turkish-drama.jpg)
_.jpg)
_hot-drama-fortunes-unveiled-my-husband-is-a-big-shot.jpg)
_ary-news-8-pm-headlines-124-5th-june-2024-124-salary-increase-good-news.jpg)
![[+]](/images/menu.gif){kind=small}