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Bank of Canada decision: Rates held unchanged at 5.00%, as expected

Prior overnight rate was 5.00%BOC sees "clearer signs that monetary policy is moderating spending and relieving price pressures""There is growing evidence that past interest rate increases are dampening economic activity and relieving price pressures"BOC repeated that it " is prepared to increase the policy interest rate further if needed"Sees inflation returning to 2% at the end of 2025 vs "mid-2025" previouslyThe global economy is slowing and growth is forecast to moderate further as past inc...
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Posted: Oct 25 2023, 14:00
Author Name: forexlive
Views: 042279