Header Ads

Header ADS

Bank Of Canada Keeps Interest Rates Unchanged At 0.25%

Bank Of Canada Keeps Interest Rates Unchanged At 0.25%

The Bank of Canada announced after its interest rate meeting on Wednesday (27th) that it will keep the overnight interest rate unchanged at 0.25%, which is in line with market expectations. The central bank statement pointed out that based on the progress made in the economic recovery, it decided to end the bond purchase plan and enter the reinvestment phase, and it is expected that interest rates will remain at the current level until a certain time in the middle of 2022, which is earlier predicted for the second half of 2022. morning. Regarding inflation, the central bank believes that the main forces pushing up prices, including rising energy prices and supply chain bottlenecks, seem to be stronger and more durable than expected. It is also expected that inflation may remain high next year and fall back to the target level of around 2% by the end of 2022.
Blogger 提供.