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Full statement from the Bank of Canada June 2023 rate decision. Hike 25 basis points
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening.Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest...
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Posted: Jun 7 2023, 14:00
Author Name: forexlive
Views: 110575