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BULLET: CANADA BOC: Lowers Key Rate 50bps to 1.25%, Ready to.>

CANADA BOC: Lowers Key Rate 50bps to 1.25%, Ready to Act Further
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- MNI economist median was for 25bps cut.
- BOC stands ready to adjust monetary policy further if required to 
support economic growth and keep inflation on target. 
- BOC will closely monitor economic and financial conditions, in 
coordination with G7 central banks. 
- COVID-19 virus is a negative shock to Canadian and global economy 
following health threat and disrupted supply chains. 
- 1Q of 2020 will be weaker than BOC expectations.

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