The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Apr 10, 2024
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The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in ...
The central bank raised interest rates 10 times between March, 2022 and July, 2023, bringing its benchmark rate to 5 per cent from 0.25 per cent in one of the ...
Mar 6, 2024 · Canada's key interest rate remains at 5% The central bank last raised the key interest rate in July and has held it at 5 per cent on five ...
The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in ...
Mar 2, 2024 · Two years since the Bank of Canada's initial 25-basis-point interest rate hike, inflation has cooled significantly. The annual rate of inflation ...
Dec 15, 2023 · The Canadian central bank raised rates by a quarter point in both June and July to a 22-year high and has left them on hold in the three policy- ...
Jan 24, 2024 · The Bank of Canada has announced its key overnight interest rate will remain at five per cent, keeping its benchmark the same for the fourth ...
Interest Rate in Canada is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.