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Bank of Canada overnight rate 4.75% vs 4.50% prior
Prior was 4.50%The market was pricing a 60/40 chance of a hold ahead of the decisionThe Bank of Canada last hiked rates in JanuaryStatement highlights:underlying inflation remains stubbornly highCanada’s economy was stronger than expected in the first quarter of 2023Consumption growth was surprisingly strong and broad-basedSpending on interest-sensitive goods increased and, more recently, housing market activity has picked upThe labour market remains tightThe Bank continues to expect CPI inflati...
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Posted: Jun 7 2023, 14:00
Author Name: forexlive
Views: 111563
