Bank of Canada maintains policy rate, continues quantitative tightening Editorma
OTTAWA, Canada – The Bank of Canada, on Wednesday, held its target for the overnight rate at 5 percent, with the bank rate at 5¼ percent and the deposit rate at 5 percent. The bank is also continuing its policy of quantitative tightening. Inflation in advanced economies has continued to come down, but with measures of core inflation still elevated, major central banks remain focused on restoring price stability. Global growth slowed in the second quarter of 2023, largely reflecting […]