menu search

Full statement from the Bank of Canada June 2023 rate decision. Hike 25 basis points

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... Read More
Posted: Jun 7 2023, 14:00
Author Name: forexlive
Views: 110575

Search within

Pages Search Results: