The central bank left the door open to further increases if inflation didn’t move lower, but over the past month, the likelihood of additional monetary-policy tightening appears to have declined The Bank of Canada is expected to cap another tumultuous year for monetary policy with a stand-pat decision this week that keeps interest rates steady while offering few hints about what comes next. The central bank has held its policy rate at 5 per cent since July, while leaving the door open to further increases if inflation doesn’t move lower. But over the past month, the likelihood of additional monetary-policy tightening appears to have declined. Bank of Canada Governor Tiff Macklem said in a
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