Bank of Canada signals interest rate relief, but be prepared to wait ...Middle East

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Bank of Canada signals interest rate relief, but be prepared to wait
Breadcrumb Trail Links News Looks like central bank’s next move will be a cut, but when is the queston Published Jan 25, 2024  •  5 minute read The Bank of Canada held interest rates at 5 per cent as expected Wednesday but dropped its hiking bias. Photo by Patrick Doyle Article content Article content The Bank of Canada threw in a few surprises into what most thought would be a predictable interest rate hold yesterday. The decision to keep interest rates at 5 per cent was widely expected, but the big change in the policy statement was the dropping of the hiking bias, say economists. “The Bank of Canada isn’t ready, willing or able to bring interest rate relief just yet,

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