Bank of Canada holds interest rate at 5 per cent ...Middle East

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Bank of Canada holds interest rate at 5 per cent
Article content The Bank of Canada left the key overnight interest rate at five per cent Wednesday, where it has sat unchanged since July of 2023. While the consumer price index and core inflation have eased in recent months, inflation is “still too high and risks remain,” the central bank said in an April 10 statement, adding that its governing council will wait for “evidence that this downward momentum is sustained” before moving rates lower. Article content “Governing Council is particularly watching the evolution of core inflation, and continues to focus on the balance between demand and supply in the economy, inflation expectations, wage growth, and corporate pricing behaviour.”

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