BANK OF CANADA CUTS KEY INTEREST RATE TO 4.75%
The Bank of Canada recently decided to lower its key interest rate to 4.75%, marking the bank’s first rate cut since March 2020. The bank’s governor, Tiff Macklem, mentioned that the bank’s monetary policy no longer needs to be as restrictive due to the significant progress made in the fight against inflation. This confidence in […]
BANK OF CANADA HOLDS KEY INTEREST RATE STEADY AT 5%
The Bank of Canada has announced that it will keep its target interest rate at 5%. This decision was made because the global economy is slowing down and growth is expected to slow down further. The bank has decided to continue its policy of quantitative tightening. This means that it is reducing the amount of […]
EXPERTS PREDICT BANK OF CANADA TO HOLD INTEREST RATES STEADY AS THE ECONOMY HITS A ROADBLOCK
According to a recent article published by Steve Scherer at reuters.com, the Bank of Canada (BoC) is expected to maintain its current interest rates on Wednesday, in light of the slowing economy. However, it is possible that the central bank may indicate the potential for future rate hikes, considering the inflation rate remains above its […]