View full page at cryptocraft.com

 

Bank of Canada seen leaving rates on hold amid economic slowdown

From zawya.com

The Bank of Canada is widely expected to leave its key overnight rate on hold when it announces its decision on Wednesday, mainly because of a slowdown in economic growth but also due to recent data showing that inflation is easing. After 10 hikes since March of last year, the central bank is probably done raising interest rates and will hold them at a 22-year high of 5.0% for at least six months, according to a Reuters poll of economists published on Friday. Inflation peaked at over 8% last year, but it unexpectedly slowed to 3.8% in September, down from 4.0% in August. "Canadian inflation decelerated in ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis