Bank of Canada interest rate statement for January 2024 ...Middle East

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Bank of Canada interest rate statement for January 2024
FOR IMMEDIATE RELEASEMedia RelationsOttawa, OntarioJanuary 24, 2024Share this page on Facebook Share this page on Twitter Share this page on LinkedIn Share this page by emailThe 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.Global economic growth continues to slow, with inflation easing gradually across most economies. While growth in the United States has been stronger than expected, it is anticipated to slow in 2024, with weakening consumer spending and business investment. In the euro area, the economy looks to be in a mild contraction. In China, low cons

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