Bank of Canada holds rates for sixth consecutive time
Central bank optimistic that rate cuts are ahead and inflation will gradually fall
The Bank of Canada (BoC) held its main interest rates today (April 10). It is the sixth meeting in a row the central bank has held its targets for the overnight interest rate and deposit rates at 5% on and its target for the bank rate at 5.25%.
Governor Tiff Macklem said that, overall, the data since the beginning of the year has increased the governing council’s confidence inflation will fall gradually.
The governor said if the economy evolves broadly in line with the central bank’s expectations
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