{"id":7690,"date":"2024-06-05T14:31:39","date_gmt":"2024-06-05T14:31:39","guid":{"rendered":"https:\/\/projects.iconica.ca\/thefishergroup\/?p=7690"},"modified":"2024-06-05T17:47:05","modified_gmt":"2024-06-05T17:47:05","slug":"bank-of-canada-cuts-key-interest-rate-for-first-time-in-four-years","status":"publish","type":"post","link":"https:\/\/projects.iconica.ca\/thefishergroup\/bank-of-canada-cuts-key-interest-rate-for-first-time-in-four-years\/","title":{"rendered":"Bank of Canada Cuts Key Interest Rate for First Time in Four Years"},"content":{"rendered":"<p>The Bank of Canada reduced its target for the overnight lending rate today by 25 basis points to 4.75%. The long-awaited move comes after 11 months of rate holds, and marks the first time in more than four years that the key lending rate has been cut.<br \/>\n\u2060<br \/>\n\u201cOur research indicates that half of sidelined homebuyers in Canada plan to resume their home search plans once the bank rate begins to drop. This will no doubt spark activity and put upward pressure on home prices in the second half of the year,\u201d said Phil Soper, president and CEO of Royal LePage.<br \/>\n\u2060<br \/>\nThe BoC&#8217;s next interest rate announcement is set for July 24th.\u2060<\/p>\n<p>#ratecut #boc #interestrate #realestate\u00a0 #mortgage #oakvillereatlor<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada reduced its target for the overnight lending rate today by 25 basis points to 4.75%. The long-awaited move comes after 11 months of rate holds, and marks the first time in more than four years that the key lending rate has been cut. \u2060 \u201cOur research indicates that half of sidelined [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-7690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates-insights"],"acf":[],"_links":{"self":[{"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/posts\/7690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/comments?post=7690"}],"version-history":[{"count":0,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/posts\/7690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/media\/7700"}],"wp:attachment":[{"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/media?parent=7690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/categories?post=7690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projects.iconica.ca\/thefishergroup\/wp-json\/wp\/v2\/tags?post=7690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}