The full statement from the Bank of Canada December 2023 rate decision ...Middle East

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The full statement from the Bank of Canada December 2023 rate decision
FOR IMMEDIATE RELEASEMedia RelationsOttawa, OntarioDecember 6, 2023The 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.The global economy continues to slow and inflation has eased further. In the United States, growth has been stronger than expected, led by robust consumer spending, but is likely to weaken in the months ahead as past policy rate increases work their way through the economy. Growth in the euro area has weakened and, combined with lower energy prices, this has reduced inflationary pressures. Oil prices are about $10-per-barrel lower than was ass

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