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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