01/24/2024
Thank goodness!!!! Bank of Canada announces no changes!! Today, they held the key interest rate steady at 5% in their first decision of 2024.
Its policy interest rate remained steady for the fourth consecutive time. The widely-anticipated decision keeps the bankβs policy rate at 5 per cent, a two-decade high reached last July.
While the bank remained on hold, there was a notable pivot in its language, which downplayed the odds of further rate hikes and opened the door to the possibility of rate cuts.
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