June 05, 2024 13:45 GMT
BOC Instant Answers From Rate Decision
BOC
Following are the Instant Answers for the Bank of Canada decision.
- Overnight Rate Target 4.75%
- If the Bank lowers rates, does it also signal the prospect of further easing? Yes
- Does the Bank say it expects the pace of loosening policy to be measured, patient or slow? Yes
- If the Bank does NOT lower rates, does it say it may soon be appropriate to cut? Not answered
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