Bank of Canada Holds Rates Steady, Inflation Progress Seen as Insufficient
mazdak.com
The Bank of Canada (BoC) opted to maintain its key interest rate at 5% today, signaling a cautious stance on inflation despite recent declines. Governor Tiff Macklem acknowledged progress in bringing inflation down to 2.9% in January, but emphasized the need for continued vigilance.
Bank of Canada Holds Rates Steady, Inflation Progress Seen as Insufficient
Bank of Canada Holds Rates Steady, Inflation…
Bank of Canada Holds Rates Steady, Inflation Progress Seen as Insufficient
The Bank of Canada (BoC) opted to maintain its key interest rate at 5% today, signaling a cautious stance on inflation despite recent declines. Governor Tiff Macklem acknowledged progress in bringing inflation down to 2.9% in January, but emphasized the need for continued vigilance.