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Slowing Economic Momentum Enough for Bank of Canada to Hold Policy Rate at 5% 

Slowing Economic Momentum Enough for Bank of Canada to Hold Policy Rate at 5% 
The Bank of Canada met expectations by maintaining the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the slowing in economic momentum stating, “consumption has been subdued, with softer demand for housing, durable goods and many services.” In the BoC’s accompanying Monetary Policy Report, the Bank […] The post Slowing Economic Momentum Enough for Bank of Canada to Hold Policy Rate at 5% appeared first on Action Forex... Read More
Posted: Oct 25 2023, 14:41
Author Name: actionforex
Views: 042227

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