The Bank of Canada opted to hold its key policy interest rate steady at 4.5% on Wednesday, continuing its stance to conditionally pause with further rate hikes. The pause is to assess the impact of the 425 basis points of monetary policy tightening over the past year.
Bank of Canada Holds Key Interest Rate Steady
Policy Rate Stays at 4.5% but Door Remains Open for More Hikes
By Carl Gomez
CoStar Analytics
March 8, 2023 | 6:32 P.M.
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