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The full statement from the January 2023 Bank of Canada rate decision

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as well as improvements in global supply chains. In the United States and Europe, economies are slowing but proving more resilient than was expected at the time o... Read More

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Content Topics

Full

Statement

From

January

2023

Bank

Canada

Rate

Decision

Forex

Posted: Jan 25 2023, 15:00

Author Name: forexlive

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