Bank of Canada maintains key interest rate at 0.25%, disappointing those hoping for a larger cut.

From Google: 2024-10-23 10:22:03

Today, the Bank of Canada decided to maintain its key interest rate at 0.25%, disappointing markets and economists who were hoping for a larger cut. This decision was influenced by improved economic data and reduced uncertainty. Despite this, the Bank has not ruled out future rate cuts if necessary to support the economy.



Read more at Google: Don’t count on another jumbo-sized rate cut: How markets and economists are reacting to today’s BoC decision – The Globe and Mail