Bank of Canada holds key interest rate at 5.0 per cent, but leaves door open for future hikes

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added 8 months ago by XaniaNews

38 Views

The Bank of Canada hit pause on its interest rate hiking cycle on Wednesday, leaving its policy rate unchanged at 5.0 per cent.

But the central bank said in a statement accompanying the announcement that it was “prepared to increase the policy interest rate further if needed” as it “remains concerned about the persistence of underlying inflationary pressures.”

Canada’s annual inflation rate ticked back up to 3.3 per cent in July from 2.8 per cent the month before.

Mackenzie Gray joins us now with the latest.

For more info, please go to https://globalnews.ca/news/9941362/bank-of-canada-interest-rate-september/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #canada #boc #finance #money #bankofcanada

Category: News and politics
Tags: global news, National, News

Top 20 Videos with the Most Views in 2023 from YouTu...
YouTube is the world’s most popular video-sharing platform, where users can upload, watch, share...
YouTube vs YouTube Premium: What are the differences...
YouTube is the most popular video streaming platform in the world, with billions of hours of content uploaded...
YouTube Premium: What is it and why you should get it
YouTube Premium is a subscription service that offers a range of benefits for YouTube and YouTube Music...
How YouTube can be useful for learning games for chi...
YouTube is a popular online platform that allows users to upload, watch, and share videos on various topics. One...
How YouTube can be useful for getting more views on ...
YouTube is a popular online platform that allows users to upload, watch, and share videos on various topics. One...
How YouTube can be useful for the construction of DI...
YouTube is a popular online platform that allows users to upload, watch, and share videos on various topics. One...
The reasons why videos on sharing platforms are so w...
Videos are one of the most popular and engaging forms of online content, especially on sharing platforms like...
The Most Popular Types of Videos on YouTube
YouTube, the world's largest video-sharing platform, is home to a vast array of content that captures the...
The Different Types of Videos on Sharing Platforms
In today's digital world, sharing platforms have become popular spaces for people to upload and watch videos...
The Largest Video Sharing Platforms in 2023
Video sharing platforms are websites that allow users to upload, store, and deliver video content, and leverage it...