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home / news releases / CA - Bank of Canada Keeps Benchmark Rate At 5%


CA - Bank of Canada Keeps Benchmark Rate At 5%

2024-03-07 11:40:00 ET

Summary

  • Bank of Canada held its key interest rate steady at 5%, saying more time is needed for higher rates to bring inflation back to target.
  • Maria Solovieva, Economist at TD talks about why a June rate cut is still likely.
  • If nothing changes in the dynamics of the economy, if we see a slow progress towards deceleration of inflation, then we will likely see 25-basis point cuts throughout the rest of the year.

Originally Posted on March 6, 2024

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For further details see:

Bank of Canada Keeps Benchmark Rate At 5%
Stock Information

Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ

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