Bank of Canada to hold rates steady in 2023, budget watchdog says cdnpoli
Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, June 22, 2020.OTTAWA — The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024, Canada’s independent budgetary watchdog forecast on Thursday.
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