Rates round-up: Canada to pause after 25bp rate rise
Canada: The Bank of Canada raised its main interest rate by 25 basis points today (January 25). The bank’s policy rate now sits at 4.5%.
The central bank said if the economy evolves broadly how it projects, it expects to hold the interest rate at the current level, “while it assesses the impact of the cumulative interest rate increases”.
Inflation in Canada will drop “significantly” this year, the BoC projected. The bank said it expects inflation to fall to 3% by the middle of the year, and to
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