Bank of Canada fretted inflation could 'get stuck' above 2% target, minutes show

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Bank of Canada fretted inflation could 'get stuck' above 2% target, minutes show
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Money markets are now betting the Bank of Canada will cut interest rates by July. Find out more.

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On March 8, the bank became the first major central bank to pause its tightening campaign, leaving the key overnight , as expected. It vowed to hold off on further hikes as long as inflation continued to ease in line with its forecasts.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

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