Bank of Canada statement on interest rate decision

In its statement released 15 October the Bank of Canada said indicators of economic activity and inflation in Canada have evolved broadly in line with the Bank's expectations since the decision to lower rates on 3 September.

Source: Bank of Canada

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.

Since the Bank lowered policy interest rates

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