The Canadian economy has entered a period of weak growth
Dubai – Al Arabiya.net
Posted on: September 06, 2023: 08:55 PM GST Last updated: September 06, 2023: 09:10 PM GST
The Bank of Canada kept the benchmark overnight rate unchanged at 5%, which was in line with analysts’ expectations.
The Bank of Canada expressed concern about continued underlying inflationary pressures, and indicated that it was ready to raise interest rates again if necessary.
The bank expects the consumer price index to rise in the near term due to the recent increase in gasoline prices.
He added that the Canadian economy has entered a period of weak growth, which is necessary to ease inflation pressures.
2023-09-06 16:55:00
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