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Bank of Canada hikes rates by 25 bps as expected and signals intention to now hold

Bank of Canada hikes rates by 25 bps as expected and signals intention to now hold
  • Prior was 4.25%
  • Inflation is coming down in many countries, largely reflecting lower energy prices as well as improvements in global supply chains
  • Inflation is projected to come down significantly this year
  • If economic developments evolve broadly in line with the MPR outlook, Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases
  • Governing Council is pr... Read More
Posted: Jan 25 2023, 15:00
Author Name: forexlive
Views: 110789

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