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Bank of Canada Keeps Rates Unchanged at 2.25%, Says Econ Outlook Faces Significant Risks
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The Bank of Canada on Wednesday kept its policy interest rate unchanged at 2.25%, stating that if the economy and inflation evolve as expected, the extent of adjustments to borrowing costs may be limited. The central bank added that the current rate level is appropriate, but the economic outlook faces significant risks. If oil prices remain elevated, the risk of broader inflation triggered by rising energy prices will increase. Should such conditions persist, monetary policy will face greater challenges and may require rate hikes. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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