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Bank of Canada maintains once again its policy rate

April 11, 2024

Governing Council decided to hold the policy rate at 5% for a sixth consecutive time since July and to continue to normalize the Bank’s balance sheet.

The Bank remains resolute in its commitment to restoring price stability for Canadians. While inflation is still too high and risks remain, CPI and core inflation have eased further in recent months. The Council will be looking for evidence that this downward momentum is sustained. 

Bank of Canada
Policy Interest Rate

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

Effective since July 13, 2023

 

 

Topic : Economic news

Written by iA

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