Found 2 blog entries tagged as Bank of Canada interest rates.

Bank of Canada Keeps Interest Rates Steady Amidst Slower Economy

The Bank of Canada has decided to maintain its current interest rates, signalling its commitment to the ongoing policy of quantitative tightening. The target for the overnight rate remains at 5%, with the Bank Rate at 5.25%, and the deposit rate at 5%. This decision comes against the backdrop of a global economy experiencing a slowdown, with inflation showing signs of easing.

In the United States, economic growth has been stronger than expected, primarily due to robust consumer spending. However, it is anticipated that this growth will weaken in the coming months as the impact of previous interest rate increases filters through the economy. In the Eurozone, economic growth has also slowed…

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Bank of Canada Keeps Interest Rates Steady

The Bank of Canada decided not to change its interest rates, currently at 5%. They're also continuing their plan to reduce the amount of money in circulation.

 

World Economy: Slower Growth

Around the world, economies are slowing down. This is because interest rates have increased, and global bond yields have increased, making people and businesses spend less. The Bank predicts the world's economy will grow by 2.9% this year, 2.3% in 2024, and 2.6% in 2025. The U.S. is doing well, but China is struggling, and Europe is slowing down, too. Prices for things we buy are not going up as fast as before because supply problems are getting solved, and people are buying less. However, central banks are still…

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