Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023. REUTERS/Blair Gable/File photo OTTAWA  -The  Bank  of  Canada  (BoC) on Wednesday held its key overnight interest rate at 5 percent, noting that the economy had entered a period of weaker growth, but said it could raise borrowing costs again should inflationary pressures persist. The central  bank  hiked  rates  by a quarter point in both June and July in a bid to tame stubbornly high inflation, which has remained above the  bank ‘s 2 percent target for 27 months.

https://business.inquirer.net/419565/bank-of-canada-holds-rates-but-says-further-hikes-possible

#inquirer