The Bank of Canada has held its key interest rate at five per cent again, as economists had expected.
Governor Tiff Macklem to hold news conference explaining rate decision at 10:30 ET
The Bank of Canada has held its key interest rate at five per cent again, as economists had expected.
The central bank said in a note on its website that it was still concerned about underlying inflation, and that it expects inflation to stay close to three per cent during the first half of this year before it slowly eases.
Bank of Canada governor Tiff Macklem will hold a news conference further explaining the rate decision at 10:30 a.m. ET.
After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians to start asking: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its goals and what we know about when rates could start to come back down.
More to come.
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