Head to Head: RBA Versus BoC

The Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) began their interest rate announcements similarly enough. They both expressed concern about the global economy and how the European debt crisis may spread and dampen growth worldwide. But that’s pretty much where their similarities ended, because while the RBA took the plunge and decided to cut its rates from 4.50% to 4.25%, the BoC stayed cool on the sidelines and kept rates steady at 1.00%. Optimistic BoC The fact that the BoC

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