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Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter. US GDP growth also slowed but remained surprisingly robust and broad-based, with solid contributions from consumption and exports. Euro area economic growth was flat at the end of the year after contracting in the third quarter. Inflation in the United States and the euro area continued to ease. Bond yields have increased since January while corporate credit spreads have narrowed. ... (full story)
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BOC's Macklem: Economic Growth Remains Weak, Below Potential
— DB News TradFi (@DBNewswire) March 6, 2024
BOC's Macklem: Labor Market Shifting Toward a "Better Balance"
BOC's Macklem: Seeking More Evidence That Wage Growth Moderating
BoC’s Macklem: Bank Needs to See Further and Sustained Easing in Core Inflation
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BOC's Macklem: "Still Too Early to Consider Lowering" Interest Rates
— DB News TradFi (@DBNewswire) March 6, 2024
Bank of Canada Gov. Macklem: Need to Give Higher Rates More Time to Dampen CPI
BOC's Macklem: Want to See Further Deceleration in Core CPI in Coming Months