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Bank of Canada - Interest Rate Announcement

BOC holds its benchmark interest rate at 5 percent, a move widely expected by economists even as the central bank makes progress on tamping down inflation.

The decision marks the fifth consecutive time that the central bank has held its key rate at 5 percent.

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 10th April 2024

Data Source - courtesy Bank of Canada website

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