Bank of Canada Keeps Rates Unchanged, Needs More Evidence Of Slowing Inflation Before Cuts
The Bank of Canada (BoC) maintained its current interest rates for the sixth consecutive meeting, signaling a potential shift towards rate cuts but requiring more evidence of slowing inflation, akin to the approach of the Federal Reserve. The decision to leave the benchmark overnight rate unchanged at 5% was widely anticipated. The BoC adjusted its forecasts, lowering the 2024 CPI forecast to 2.2% while revising … Continue reading Bank of Canada Keeps Rates Unchanged, Needs More Evidence Of Slowing Inflation Before Cuts
