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BoC Holds Rates Steady Waiting To See Further Declines In Core Inflation

BoC Holds Rates Steady Waiting To See Further Declines In Core Inflation

by Brent Shepheard | Mar 6, 2024 | Dr. Sherry Cooper, Chief DLC Economist

The Bank of Canada holds rates steady until core inflation falls further Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. Policymakers remain concerned about risks...

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