Bank of Canada Keeps Rates At 5% As Expected, Drops Language On...

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2023-12-06 16:40:13 - Translate -

The Bank of Canada kept its overnight lending rate at 5% for the third consecutive meeting - where it has been since mid-July and tied for the highest rate since April 2001 - in line with Wall Street estimates, and acknowledging a stalled economy while keeping the door open to further hikes as they watch for more progress on slowing inflation
https://www.zerohedge.com/markets/bank-canada-keeps-rates-5-expected-drops-language-rising-inflation-risks

The Bank of Canada kept its overnight lending rate at 5% for the third consecutive meeting - where it has been since mid-July and tied for the highest rate since April 2001 - in line with Wall Street estimates, and acknowledging a stalled economy while keeping the door open to further hikes as they watch for more progress on slowing inflation https://www.zerohedge.com/markets/bank-canada-keeps-rates-5-expected-drops-language-rising-inflation-risks

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Bank of Canada Keeps Rates At 5% As Expected, Drops Language On Rising Inflation Risks

Another central bank declaring premature victory over inflation?

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