_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 gracie39s corner money 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: 1.8M times
✓ Published: 07-Jun-2024
👁 View: 1.8M 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
_counting-coins-song-for-kids-124-penny-nickel-dime-quarter-124-2nd-grade.webp "Math Songs by NUMBEROCK")
⏲ 3 minutes 34 seconds 👁 4.3M
_free-gracie39s-corner-type-beat-9234money-song9234-challenge-2022.webp "QuySound Mix")
_toyota39s-market-value-plunges-over-3615b-amid-test-falsification-scandal-mazda-honda-suzuki-follow-suit.webp "The stock prices of major Japanese automakers, including Toyota, Mazda, Honda, and Suzuki, have taken a hit following a safety scandal. The Japanese transport ministry discovered that false data was used to certify certain models, leading to a significant drop in the stock prices of these automakers, reported CNBC on Sunday.")
⏲ 0:47 👁 13.9M
_count-by-twos-124-skip-counting-by-gracies-corner-124-kids-songs-nursery-rhymes.webp "Gracie's Corner")
⏲ 3 minutes 13 seconds 👁 8.7M
_reasons-why-a-pension-lump-sum-is-better-than-an-annuity-payment.webp "Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden costs, the right pension answer for you could come down to control.")
_good-morning-song-more-fun-songs-for-kids-124-gracies-corner-2-hour-compilation.webp "Gracie's Corner")
⏲ 1 hour 54 minutes 45 seconds 👁 44.7M
_money-song-counting-coins-with-gracies-corner-nursery-rhymes-kids-songs-30fps.webp "Danny Kuntze")
⏲ 2 minutes 50 seconds 👁 297
_trump39s-date-with-nyc-probation-department-on-monday-a-sentencing-recommendation-in-the-making.webp "Former U.S. President Donald Trump is set to undergo a virtual interview with the New York City Probation Department on Monday. This comes in the wake of his conviction on 34 felony counts of falsifying documents.")
⏲ 0:47 👁 6.4M
_counting-coins-song-for-kids-124-penny-nickel-dime-quarter-124-2nd-grade.jpg)
_free-gracie39s-corner-type-beat-9234money-song9234-challenge-2022.jpg)
_toyota39s-market-value-plunges-over-3615b-amid-test-falsification-scandal-mazda-honda-suzuki-follow-suit.jpg)
_count-by-twos-124-skip-counting-by-gracies-corner-124-kids-songs-nursery-rhymes.jpg)
_reasons-why-a-pension-lump-sum-is-better-than-an-annuity-payment.jpg)
_good-morning-song-more-fun-songs-for-kids-124-gracies-corner-2-hour-compilation.jpg)
_money-song-counting-coins-with-gracies-corner-nursery-rhymes-kids-songs-30fps.jpg)
_trump39s-date-with-nyc-probation-department-on-monday-a-sentencing-recommendation-in-the-making.jpg)
![[+]](/images/menu.gif){kind=small}