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Bank of Canada Keeps Rates Unchanged, Canadian Dollar Declines
The Bank of Canada kept its
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The Bank of Canada kept its key overnight interest rate unchanged at 2.25%, fully in line with market expectations. The overall tone of the statement and Governor Macklem's opening remarks at the press conference were neutral. The Bank has shifted into a monitoring mode, avoiding abrupt policy moves and aiming to gain a clearer understanding of key risks affecting the inflation outlook. As a result of the meeting, the market received no new information, which was reflected in a muted
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Kuvat Raharjo,
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