Bank of Canada Keeps Rates Unchanged, Needs More Evidence Of Slowing Inflation Before Cuts
April 10, 2024 at 10:28 AM EDT
The BoC keeps rates unchanged for a sixth consecutive meeting even as officials signaled they’re getting closer to rate cuts but – like the Fed – need more evidence of slowing inflation. The Canadian central bank left the benchmark overnight rate unchanged at 5% on Wednesday, a move which was expected by markets and by […] Source
