Subscribe To
BoC stands pat, concerned on slow disinflation progress

BoC left overnight rate unchanged at 5.00% as widely expected. Bank Rate and deposit rate are held at 5.25% and 5.00% respectively. The Governing Council expressed concerns that “progress towards price stability is slow and inflationary risks have increased”. The central bank is “prepared to raise the policy rate further if needed”, maintaining hawkish bias. […] The post BoC stands pat, concerned on slow disinflation progress appeared first on Action Forex...
Read More
Posted: Oct 25 2023, 14:12
Author Name: actionforex
Views: 042258