Bank of Canada Holds Steady, Recognizing that Shelter Inflation is the Issue

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<p>The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with quantitative tightening (QT). The Bank highlighted the slowing in economic momentum stating, &#8220;the economy has stalled since the middle of 2023 and growth will likely remain close to zero through the first quarter of 2024&#8221;. The Bank also [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/fundamental-analysis/536728-bank-of-canada-holds-steady-recognizing-that-shelter-inflation-is-the-issue/">Bank of Canada Holds Steady, Recognizing that Shelter Inflation is the Issue</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>