BoC stands pat as economic slowdown eases inflationary pressures

<p><img width="531" height="325" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-canada1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>BoC keeps overnight rate target unchanged at 5.00%, aligning with market expectations. In its policy statement, the central bank emphasized its ongoing concern about inflationary risks, stating it &#8220;remains prepared to raise the policy rate further if needed.&#8221; Nevertheless, BoC also noted recent data suggesting that the Canadian economy is &#8220;no longer in excess demand&#8221;. [&#8230;]</p> <p>The post <a href="https://www.actionforex.com/live-comments/530580-boc-stands-pat-as-economic-slowdown-eases-inflationary-pressures/">BoC stands pat as economic slowdown eases inflationary pressures</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>