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Bank of Canada interest rate pause continued, with a "clear hiking bias"

Bank of Canada interest rate pause continued, with a
The Bank of Canada left its overnight rate unchanged at 5%, although other events overtook the news on it:Forexlive Americas FX news wrap 25 Oct: Stocks and bonds move lower. USD higher on the dayVia, RBC, their 'Bottom Line" response, in brief:CPI readings still running well above the 2% target, the BoC is firmly focused on getting inflation under control. Slower than expected progress is a concern. But evidence continues to build that interest rates are already restrictive enough to continue t... Read More
Posted: Oct 25 2023, 21:25
Author Name: forexlive
Views: 091951

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