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Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy continues to slow and inflation has eased further. In the United States, growth has been stronger than expected, led by robust consumer spending, but is likely to weaken in the months ahead as past policy rate increases work their way through the economy. Growth in the euro area has weakened and, combined with lower energy prices, this has reduced inflationary pressures. Oil prices are about $10-per-barrel lower ... (full story)
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— Cable FX Macro (@cablefxmacro) December 6, 2023️*BANK OF CANADA SAYS ECONOMY NO LONGER IN EXCESS DEMAND
*BOC CONCERNED ABOUT INFLATION OUTLOOK, READY TO HIKE AGAIN
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— *Walter Bloomberg (@DeItaone) December 6, 2023BOC: Further Signs High Rates Are Slowing Spending, Relieving CPI Pressure
BOC: Economic Growth Has "Stalled"
BOC: Higher Rates "Clearly" Restraining Spending
BOC: Indicators Suggest Economy Is No Longer in Excess Demand
BOC: Economic Slowdown Has Reduced…