AsianFin - The Bank of Canada has reduced its key interest rate by 25 basis points for the third time in a row, bringing it down to 4.25%. This move aligns with market expectations as the central bank continues its efforts to stimulate economic growth amidst global uncertainties.

The series of rate cuts reflects ongoing concerns about inflationary pressures and slower economic momentum. While the reduction in rates aims to support business investment and consumer spending, the effectiveness of these measures remains to be seen as global economic conditions evolve.