Here's your summary from Bank of Canada Cuts Key Interest Rate by 25 Basis Points (https://www.youtube.com/watch?v=mc-t-ZyCpIw) on the Bloomberg Television channel:

**TLDR:** Bank of Canada cuts key interest rate by 25 basis points, with potential for further cuts if inflation eases.

1. Bank of Canada lowers main interest rate to 4.75% by 25 basis points, becoming the first G7 country to do so.

2. Inflation is running at 2.7% and has not changed significantly in recent months.

3. Market expectations for a rate cut were met, although some believe it may be premature.

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