BoC stands pat, keeps hawkish bias

<p>As anticipated, BoC keeps its overnight rate unchanged at 5.00%, alongside the Bank Rate at 5.25% and the deposit rate at 5.00%. Despite the steady rates, the tone of the announcement underscored ongoing concerns about inflation, coupled with a softer outlook on economic growth. BoC explicitly stated that it remains “concerned about the persistence of […]</p>
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