BoC stands pat, concerned on slow disinflation progress

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<p>BoC left overnight rate unchanged at 5.00% as widely expected. Bank Rate and deposit rate are held at 5.25% and 5.00% respectively. The Governing Council expressed concerns that &#8220;progress towards price stability is slow and inflationary risks have increased&#8221;. The central bank is &#8220;prepared to raise the policy rate further if needed&#8221;, maintaining hawkish bias. [&#8230;]</p>
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