加拿大央行降息25个基点 强调谨慎应对贸易与通胀风险

Core Viewpoint - The Bank of Canada has lowered its overnight lending rate by 25 basis points to 2.50%, aligning with market expectations amid economic challenges and a decline in GDP [1][2] Economic Indicators - Canada's GDP fell approximately 1.5% in Q2, primarily due to a 27% drop in exports, contrasting with high export levels in Q1 [1] - Employment numbers have decreased over the past two months, with the unemployment rate rising to 7.1% in August [1] - The consumer price index (CPI) increased by 1.9% year-on-year in August, remaining stable from July, while core inflation indicators have shown signs of weakening [1][2] Monetary Policy - The recent policy statement did not continue the previous mention of "potential further easing," indicating a cautious approach towards future rate cuts [2] - The Bank of Canada emphasizes a data-driven approach to policy adjustments, focusing on short-term dynamics and economic risks [2][3] - The central bank is closely monitoring the impact of government policies on economic growth and inflation trends [2] Trade and Inflation - Ongoing U.S. tariff policies and changing trade relations are expected to exert pressure on Canadian exports and consumer prices [2] - The recent removal of tariffs on certain U.S. imports is anticipated to alleviate price pressures on related goods [2] Future Outlook - The Bank of Canada warns that slow population growth and a weak labor market may pressure household spending in the coming months [3] - The central bank's primary goal remains to maintain public confidence in price stability while supporting economic stability [3]