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Bank of Canada holds interest rates, but cuts growth forecasts
2020-01-22 20:15:47 GMT
(Economies.com)
The Bank of Canada kept interest rate unchanged at 1.75% today, but cut its growth outlook, which raised bets of a rate cut in the near-term.
While Governor of the BoC, Stephen Poloz, ignored previous forecasts for the economic growth in the near-term.
The bank cut its growth forecast in the fourth quarter of 2019 to 0.3% from 1.3%, and Poloz stressed that he expects a slowdown in growth this year.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1031
|
0.0216
|
2.0000%
|
|
|
|
|
1.2822
|
-0.0126
|
0.9754%
|
|
|
|
Tadawul
|
7628.34
|
-82.78
|
1.07%
|
|
|
|
|
16.619
|
-1.875
|
10.136%
|
|
|
|
|
45.285
|
-8.048
|
15.090%
|
|
|
|
|
50.52
|
-1.66
|
3.18%
|
|
|
|
|
1582.845
|
-60.800
|
3.699%
|
|
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