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Bank of Canada Interest Rate July 2023

Bank of Canada hikes rate to 5%, expects inflation to be above 2% until mid-2025

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 Sept 2023

Data Source - courtesy Bank of Canada website

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