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Bank of Canada maintains its policy rate for a 4th consecutive time

January 25, 2024

Global economic growth continues to slow, with inflation easing gradually across most economies. This is why the Governing Council decided to hold the policy rate at 5%.

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. 

 

Bank of Canada
Policy Interest Rate

Royal Bank of Canada Prime Rate
5.00%
unchanged
7.20%
unchanged

Effective since Thursday, July 13, 2023

 

 

Topic : Economic news

Written by iA

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