Wednesday, March 8, 2023
posted in General
at Wed, 08 Mar 2023 15:56:10 +0000
Bank of Canada Interest Rate Announcement -
March 8, 2023
As signalled in its previous interest rate announcement, The Bank of Canada maintained its overnight rate at 4.5 per cent this morning. In the statement accompanying the decision, the Bank noted that restrictive monetary policy is weighing on demand and it expects weak economic growth for the next couple of quarters. That weak growth should moderate wage growth in a currently tight labour market and ease competitive pressures on prices, ...