04/10/2024
Holding at 5%: The Bank of Canada announces a sixth consecutive rate hold, maintaining its key lending rate at 5%.
The central bank said that "While inflation is still too high and risks remain, CPI and core inflation have eased further in recent months. The Council will be looking for evidence that this downward momentum is sustained."
The next scheduled announcement is June 5th.
Read more on our blog: https://blog.royallepage.ca/bank-of-canada-update/