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Bank of Canada maintains its policy rate for a 5th consecutive time

March 7, 2024

Governing Council decided to hold the policy rate at 5% and to continue to normalize the Bank’s balance sheet.

The Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation and wants to see further and sustained easing in core inflation.

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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