Mike Noordam on LinkedIn: Bank of Canada maintains policy rate, continues quantitative tightening (2025)

Bank of Canada has decided to hold the policy rate at 5%. Inflation is trending in the right direction. However, the progress towards price stability is slow and inflationary risks have increased and, therefore, BoC is prepared to raise the policy rate if required.#amuthahaslam #BankOfCanada #EconomicPolicy #InterestRates#InflationConcernshttps://lnkd.in/gSGuY-97

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Today, the Bank of Canada announced that it will maintain its current policy rate of 5% and continue its quantitative tightening measures. This decision comes amidst a slowing global economy and persistent inflationary pressures.The Bank of Canada remains concerned about risks to the outlook for inflation, particularly the persistence of underlying inflation. They are committed to bringing inflation back down to their target of 2% and will continue to monitor the economic situation closely.Here is the link to the official statement:https://lnkd.in/gmm7A6wd #BankOfCanada #InterestRates #FinancialMarkets #EconomicUpdate

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The Bank of Canada has announced a 25 basis point reduction in its policy rate, bringing it to 4.5%. This decision reflects the Bank’s assessment that underlying inflation pressures are easing. While inflation remains above the Bank’s 2% target, it’s expected to gradually decline. This rate adjustment aims to support continued economic growth while maintaining a focus on price stability.The Bank remains committed to achieving its 2% inflation target and will continue to monitor economic developments closely.Here is the link to the official statement:https://lnkd.in/gpVY_ngR#BankOfCanada #InterestRates #FinancialMarkets #EconomicUpdate

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The Bank of Canada held rates in this morning's announcement. There are a number of factors referenced which suggest the rate hikes are working and the economy is normalizing. That said, the BoC tone remains hawkish, noting "Governing Council is concerned that progress towards price stability is slow and inflationary risks have increased, and is prepared to raise the policy rate further if needed."And thus we turn our gaze to the December 6th announcement, where hopefully we will get a better sense of rate stability returning to the market. #interestrates #bankofcanada #economy #realestatehttps://lnkd.in/ge-naSyP.

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The Bank of Canada yesterday (April 10) held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.https://lnkd.in/g9iWWJ_m

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📉 The Bank of Canada has just lowered the key interest rate to 4.75% With signs of easing core inflation, they decided to make monetary policy less restrictive by cutting the rate by 25 basis points. 📊From the press conference: “If inflation keeps easing and we’re confident it’s moving towards the 2% target, we might see more rate cuts. But we’re taking it one meeting at a time.”#BankOfCanada #InterestRates #Economy #Inflation

The Bank of Canada has announced a 25 basis point reduction in its policy rate, bringing it to 4.5%. This decision reflects the Bank’s assessment that underlying inflation pressures are easing. While inflation remains above the Bank’s 2% target, it’s expected to gradually decline. This rate adjustment aims to support continued economic growth while maintaining a focus on price stability.The Bank remains committed to achieving its 2% inflation target and will continue to monitor economic developments closely.Here is the link to the official statement:https://lnkd.in/eikTPEf3#BankOfCanada #InterestRates #FinancialMarkets #EconomicUpdate

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The Bank of Canada cut its main policy interest rate by a quarter of a percentage point, starting an easing cycle that will ease pressure on the nation’s indebted households and provide a lift for the economy.Policy makers cut the overnight rate to 4.75 per cent at a policy decision today, citing continued evidence that inflation is easing."Recent data has increased our confidence that inflation will continue to move towards the 2 per cent target," according to a statement released by the central bank.Economists are predicting the main policy rate will be cut by three quarters of a percentage point this year, and another three quarters of a point or more by the end of 2025.https://lnkd.in/eQbe2QgW#cdnecon #cdnpoli #WhereBusinessMeetsPolitics

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The Bank of Canada has announced it will maintain its target policy rate of 5.0%, a decision that continues its policy of quantitative tightening. With inflation continuing to decrease, it remains a tricky obstacle to full economic recovery and the BoC is holding fast until there is strong evidence that sustained downward momentum is achieved. #seaglasswealth #BoC #inflation #overnightrate #intheknowhttps://lnkd.in/g64X8Y-z

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The Bank of Canada has announced it will maintain its target policy rate of 5.0%, a decision that continues its policy of quantitative tightening. With inflation continuing to decrease, it remains a tricky obstacle to full economic recovery and the BoC is holding fast until there is strong evidence that sustained downward momentum is achieved. #seaglasswealth #BoC #inflation #overnightrate #intheknowhttps://lnkd.in/gCYDeH-q