Published
Bank of Canada governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers will speak to the media on Wednesday morning following the central bank's decision on the target for the overnight rate, and the release of its quarterly monetary report.
Economists widely anticipate the central bank will continue to hold its key interest rate steady at 4.5 per cent, even as the economy is running hotter than expected.
Despite elevated interest rates, the economy continued to grow at the start of the year while unemployment hovers near record lows.
The Bank of Canada has said it is hoping to see the economy slow further, while working to get the country's annual inflation rate back to its two per cent target. In February, inflation fell to 5.2 per cent, marking the second month in a row inflation came in lower than forecast.
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#GlobalNews #bankofcanada #interestrates #inflation
Economists widely anticipate the central bank will continue to hold its key interest rate steady at 4.5 per cent, even as the economy is running hotter than expected.
Despite elevated interest rates, the economy continued to grow at the start of the year while unemployment hovers near record lows.
The Bank of Canada has said it is hoping to see the economy slow further, while working to get the country's annual inflation rate back to its two per cent target. In February, inflation fell to 5.2 per cent, marking the second month in a row inflation came in lower than forecast.
For more info, please go to https://globalnews.ca/news/9617547/bank-of-canada-interest-rate-apr-2023/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #bankofcanada #interestrates #inflation
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- global news, Bank of Canada interest rate decision, Bank of Canada
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