Bank of Canada Interest Rate Announcement
- Sameer Nagpal
- Oct 25, 2023
- 1 min read
Bank of Canada maintains an overnight rate of 5%. No Rate Increase.
Policy interest rate - The Bank of Canada carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.
The next Announcement is on 6th December 2023
Data Source - courtesy Bank of Canada website
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