BoC’s Gravelle elaborates on holding interest rates steady amid balanced economy

In a speech overnight, BoC Deputy Governor Toni Gravelle said the decision to maintain policy interest rate at 5% this week was an effort to “balance the risks of over- and under-tightening.” BoC aims to avoid excessively slowing down the economy, while also alleviating the burden of high inflation on Canadians. Gravelle observed that the […]

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