Canada's key interest rate holds at 5%

Interest rates hold steady again, Bank of Canada considers June cut

Central bank kept key interest rate at 5%m says it has begun to see conditions for a reduction

Canada central bank holds key lending rate at 5%

OTTAWA, Canada — The Bank of Canada on Wednesday held its key lending rate at 5 percent, saying it is looking for signs that falling inflation will stick before it begins to cut rates. “While inflation is still too high and risks remain, CPI (Consumer Price Index) and core inflation have eased further in recent

Bank of Canada Holds Key Interest Rate at 5 Percent

The Bank of Canada is holding its benchmark interest rate at 5 percent for the sixth consecutive time since July, saying it needs to see evidence that “downward momentum” in inflation is sustained before it will cut rates. Although inflation remains high and “risks remain,” the central bank said it has begun to see the economic conditions necessary to convince it to drop interest rates. Economic data since the beginning of the year has boosted t…

Bank of Canada holds key interest rate at 5%, signals that it’s inching closer to rate cuts

The Bank of Canada continued to hold its key interest rate at five per cent today and said it has begun to see the economic conditions necessary to lower interest rates. Governor Tiff Macklem says economic data since January has improved the central bank’s confidence that inflation will continue to slow, even as economic growth picks up. The governor says while the Bank of Canada is seeing the evidence it needs to begin lowering interest rates, …

Bank of Canada Holds Key Interest Rate at 5 Per Cent

The Bank of Canada is holding the line on its benchmark interest rate at 5 per cent. Last week Senior Deputy Governor of the Bank of Canada Carolyn Rogers described low Canadian productivity as an “emergency” that makes it harder to control inflation and needs to be addressed. Still, hopes remain that a reduction is due sometime this summer. Chief Economist at the Conference Board of Canada, Pedro Antunes says there are a number of economic in…

Bank of Canada holds interest rate at 5% for sixth time

The Bank of Canada announced is maintaining  its overnight interest rate at 5%, with the bank rate at 5.25% and the deposit rate at 5%.