_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 full form of asset 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
_what-are-assets-let39s-break-them-down.webp "Accounting Stuff")
_the-call-boy-i-met-in-paris-full.webp "The Call Boy I Met in Paris Full<br/>#film#filmengsub #movieengsub #EnglishMovieOnlydailymontion#reedshort #englishsub #chinesedrama #drama #cdrama #dramaengsub #englishsubstitle #chinesedramaengsub #moviehot#romance #movieengsub #reedshortfulleps<br/>TAG: English Movie Only,English Movie Only dailymontion,short film,short films,best short film,best short films,short,alter short horror films,animated short film,animated short films,best sci fi short films youtube,cgi short film,film,free short film,3d animated short film,horror short,horror short film,new film,sci-fi short film,short form,short horror film,short movie<br/>")
_assets-vs-liabilities-and-how-to-generate-assets.webp "Practical Wisdom - Interesting Ideas")
_full-asset-search-investigation-tutorial.webp "Private Investigator Videos")
_what-is-an-asset-by-saheb-academy.webp "Saheb Academy")
_definition-and-types-of-assets-accounting-course-part-5.webp "Learn Accounting Finance")
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.webp "Paramount leadership outlined plans at its annual shareholder meeting if a potential sale of the company does not occur. The Office of the CEO, comprised of three executives, proposed $500 million in cost cuts, divesting non-core assets, and lowering debt. Paramount has agreed to terms for a merger with Skydance Media and investment firms, pending approval from controlling shareholder Shari Redstone. The presented plan focuses on growing content and franchises while cutting spending and lowering Paramount's junk credit rating debt level.")
⏲ 0:36 👁 24.4M
_personal-finance-assets-liabilities-amp-equity.webp "The Organic Chemistry Tutor")
_what-are-assets-let39s-break-them-down.jpg)
_the-call-boy-i-met-in-paris-full.jpg)
_assets-vs-liabilities-and-how-to-generate-assets.jpg)
_full-asset-search-investigation-tutorial.jpg)
_what-is-an-asset-by-saheb-academy.jpg)
_definition-and-types-of-assets-accounting-course-part-5.jpg)
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.jpg)
_personal-finance-assets-liabilities-amp-equity.jpg)
![[+]](/images/menu.gif){kind=small}