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…

Macklem says interest rate cut in June possible after holding policy rate once again

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank could begin lowering its key interest rate at its next decision in June after deciding to hold it steady for now.

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%.

Canada central bank holds key lending rate at 5%

The Bank of Canada has today held its key lending rate at 5%, saying it is looking for signs that falling inflation will stick before it begins to cut rates.