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BOC Instant Answers For Rate Decision

BOC

Following are the Instant Answers for the Bank of Canada decision.

  • Overnight Rate Target: 4.5%
  • Does the Bank say it’s reasonable to expect further rate cuts? Yes
  • Does the Bank say it expects the pace of loosening policy to be measured, patient or slow? Not answered
  • Does the Bank say it now wants to assess the impact of its rate reduction? Not answered
  • Does the Bank say recent data has increased confidence that inflation will move towards target? Not answered

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